Dixon Technologies, Inox Wind and 2 other stocks are trading at the RSI less than 30

SYNOPSIS: Dixon Technologies, Inox Wind, Jupiter Wagons, and Network18 trade near oversold RSI levels, signalling potential rebound opportunities amid strong sector fundamentals and market capitalisations up to ₹78,000 crore.

The Relative Strength Index (RSI) is a widely used momentum indicator that tracks the speed and magnitude of recent price changes on a 0–100 scale. It helps traders gauge trend strength and spot potential reversals.

An RSI above 70 typically indicates overbought conditions, hinting at a possible pullback after a rapid rise. Conversely, an RSI below 30 signals oversold territory, suggesting the asset may be undervalued and due for a rebound.

Dixon Technologies

Dixon Technologies is one of India’s largest electronics manufacturing services companies, producing consumer electronics, lighting, appliances, mobile phones, and security devices. As a key Make-in-India partner for global brands, it supports domestic manufacturing growth through scale, innovation, and efficient contract production across diversified product categories.

With a market capitalisation of Rs. 78,025 crores on Thursday, the stock closed at Rs 12,857 apiece, with an RSI of 29.73, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Inox Wind

Inox Wind is a leading Indian wind energy solutions provider offering turnkey EPC services, wind turbine manufacturing, and project development. With an expanding order book and integrated facilities, the company supports India’s renewable energy shift by delivering cost-efficient turbines and complete wind power infrastructure for independent power producers.

With a market capitalisation of Rs. 21,223 crores on Thursday, the stock closed at Rs 123 apiece, with an RSI of 22.29, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Jupiter Wagons

Jupiter Wagons manufactures railway wagons, brake systems, high-end castings, and transportation equipment for freight and defence sectors. Known for engineering expertise and strong client relationships with Indian Railways, the company benefits from rising railway capex and demand for modern, efficient rolling stock across logistics and heavy-haul industries.

With a market capitalisation of Rs. 10,933 crores on Thursday, the stock closed at Rs 258 apiece, with an RSI of 25.50, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Network18 Media & Investments Ltd

Network18 Media is a diversified media and entertainment group with a strong presence across news, digital content, television broadcasting and film. Its portfolio includes leading channels, digital platforms and regional networks. With a focus on impactful journalism and scalable digital growth, Network18 plays a major role in shaping India’s evolving media landscape.

With a market capitalisation of Rs. 6,635 crores on Thursday, the stock closed at Rs 43.0 apiece, with an RSI of 32.22, indicating that it is in the oversold zone, offering the potential for an upside bounce.

Written by Abhishek Singh

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