RSI below 30: NCC and 4 other stocks trading at oversold zone to keep on your radar

Synopsis: Several notable stocks, including PFC, NCC, Whirlpool India, Websol Energy, and SJVN, are currently trading with an RSI below 30, indicating oversold conditions despite their strong sectoral presence and fundamental business strengths.

Stocks trading with an RSI below 30 are considered to be in the oversold zone, indicating that they may have experienced significant recent selling pressure. While an RSI under 30 can sometimes signal potential undervaluation or a possible rebound, it may also reflect underlying weakness or negative sentiment. 

Investors typically use this indicator as a starting point for deeper analysis rather than as a standalone buy signal.

Power Finance Corporation Ltd 

Power Finance Corporation Ltd is a leading Indian public sector financial institution specializing in funding power generation, transmission, and distribution projects across the country. As a key lender to the energy sector, PFC benefits from strong government backing, a large project pipeline, and stable interest income, positioning it as a crucial player in supporting India’s power infrastructure development.

With market capitalization of Rs. 1,19,100 cr, the shares of Power Finance Corporation Ltd are closed at Rs. 360.90 per share, from its previous close of Rs. 363.10 per share.

An RSI (Relative Strength Index) of 28.50 places the stock firmly in the oversold territory, as readings below 30 generally indicate heavy selling pressure. This reflects a pronounced recent decline and suggests the possibility of a rebound if demand for the stock increases.

NCC Ltd

NCC Ltd is a prominent infrastructure and construction company engaged in projects across buildings, transportation, water, mining, and electrical segments. With a diversified order book and presence in both government and private sectors, NCC has been steadily scaling its execution capabilities, making it a significant contributor to India’s infrastructure growth.

With market capitalization of Rs. 10,736 cr, the shares of NCC Ltd closed at Rs. 171 per share, from its previous close of Rs. 171.45 per share.

An RSI (Relative Strength Index) of 23.02 places the stock firmly in the oversold territory, as readings below 30 generally indicate heavy selling pressure. This reflects a pronounced recent decline and suggests the possibility of a rebound if demand for the stock increases.

Whirlpool of India Ltd

Whirlpool of India Ltd is a major consumer durable company known for its portfolio of home appliances including refrigerators, washing machines, and kitchen appliances. Supported by global technology and brand strength, the company focuses on innovation, premiumization, and expanding distribution, aiming to capture long-term growth in India’s evolving consumer appliance market.

With market capitalization of Rs. 12,581 cr, the shares of Whirlpool of India Ltd closed at Rs. 991.70 per share, from its previous close of Rs. 1,076.95 per share.

An RSI (Relative Strength Index) of 20.63 places the stock firmly in the oversold territory, as readings below 30 generally indicate heavy selling pressure. This reflects a pronounced recent decline and suggests the possibility of a rebound if demand for the stock increases.

Websol Energy System Ltd

Websol Energy System Ltd is a solar photovoltaic (PV) manufacturer specializing in monocrystalline solar cells and modules. As part of India’s renewable energy value chain, the company benefits from increasing demand for domestic solar manufacturing and government initiatives promoting clean energy, while focusing on expanding capacity and improving efficiencies.

With market capitalization of Rs. 4,277 cr, the shares of Websol Energy System Ltd closed at Rs. 101.35 per share, from its previous close of Rs. 102 per share.

An RSI (Relative Strength Index) of 29.61 places the stock firmly in the oversold territory, as readings below 30 generally indicate heavy selling pressure. This reflects a pronounced recent decline and suggests the possibility of a rebound if demand for the stock increases.

SJVN Ltd

SJVN Ltd is a government-owned power utility primarily engaged in hydroelectric generation, with growing interests in thermal and renewable energy projects. With long-term power purchase agreements and a strong pipeline of hydropower and solar projects, SJVN plays a strategic role in India’s clean energy transition and aims for steady capacity expansion.

With market capitalization of Rs. 30,597 cr, the shares of SJVN Ltd closed at Rs. 77.86 per share, from its previous close of Rs. 77.87 per share.

An RSI (Relative Strength Index) of 22.34 places the stock firmly in the oversold territory, as readings below 30 generally indicate heavy selling pressure. This reflects a pronounced recent decline and suggests the possibility of a rebound if demand for the stock increases.

Written by Manideep Appana

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