The Relative Strength Index (RSI) is a technical indicator used to measure the strength and momentum of a stock’s price movement. It ranges from 0 to 100 and helps traders understand whether buying or selling momentum is becoming stronger.
An RSI above 70 is generally considered an overbought zone, suggesting that the stock has risen sharply and may face short-term profit booking or consolidation. On the other hand, an RSI below 30 is considered an oversold zone, indicating strong selling pressure and the possibility of a recovery. However, RSI should not be used alone and is best considered alongside price trends, volumes and other indicators. Here are a few Nifty 500 stocks that are trading below the Relative Strength Index (RSI) level of 30
Godrej Properties Limited
Godrej Properties Limited was established in 1990 and is a prominent Indian real estate developer and part of the Godrej Industries Group. The company develops residential, commercial, and plotted projects across major Indian cities. Its operations are focused on creating quality homes and communities, supported by design, sustainability, and customer-centric development.
With a market capitalization of Rs. 51,398.28 crores on Wednesday, the stock closed at Rs. 1,706.30, with an RSI of 29.66 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Gravita India Limited
Gravita India Limited was established in 1992 and is a global recycling company focused on building sustainable material recovery and circular-economy solutions. Its core businesses include lead battery recycling, aluminium alloy manufacturing, plastic recycling and waste tyre recycling. The company operates manufacturing and recycling facilities across India, Asia, Africa and Europe and serves customers in more than 70 countries.
With a market capitalization of Rs. 11,515.23 crores on Wednesday, the stock closed at Rs. 1,560.15, with an RSI of 25.76 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Tata Elxsi Limited
Tata Elxsi Limited is a global design and technology services company and part of the Tata Group. Established in 1989, the company provides design, engineering and digital technology solutions across industries including automotive, healthcare, communications, broadcast and transportation. Its capabilities span artificial intelligence, generative AI, cloud, IoT, mobility, virtual reality and embedded systems.
With a market capitalization of Rs. 20,010.73 crores on Wednesday, the stock closed at Rs. 3,211.70, with an RSI of 27.26 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Pfizer Limited
Pfizer Limited is an Indian pharmaceutical company and part of the global Pfizer group. Pfizer began operations in India in 1950 and was listed on the Bombay Stock Exchange in 1966. The company markets medicines across multiple therapeutic areas, including vaccines, oncology, internal medicine, rare diseases, inflammation and immunology, and hospital products.
With a market capitalization of Rs. 18,377.32 crores on Wednesday, the stock closed at Rs. 4,017.10, with an RSI of 23.15 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Bayer CropScience Limited
Bayer CropScience Limited is the flagship Bayer Group company in India and operates in the agricultural solutions sector. Its business includes crop protection, seeds and traits, biologicals, and digital farming solutions. The company provides products and technologies designed to support farmers in improving crop productivity while addressing challenges such as pests, diseases, climate change, and resource constraints.
With a market capitalization of Rs. 16,903.84 crores on Wednesday, the stock closed at Rs. 3,761.25, with an RSI of 20.92 indicating that it is in the oversold zone, offering the potential for an upside bounce.
EID Parry (India) Limited
E.I.D. Parry (India) Limited is a Murugappa Group company operating primarily in the sweeteners and nutraceuticals sectors. Established in 1788, Parry has a long history in India’s sugar industry and set up the country’s first sugar plant at Nellikuppam in 1842. The company operates six sugar plants and a standalone distillery across South India. Its facilities have significant sugarcane crushing, cogeneration, and distillery capacities.
With a market capitalization of Rs. 12,509.40 crores on Wednesday, the stock closed at Rs. 702.95, with an RSI of 29.92 indicating that it is in the oversold zone, offering the potential for an upside bounce.
Aditya Birla Real Estate Limited
Aditya Birla Real Estate Limited, formerly known as Century Textiles and Industries Limited, is part of the Aditya Birla Group and has a history dating back to 1897. The company has evolved from a single-unit cotton mill into a business focused primarily on real estate and pulp and paper. Its real estate business operates under the Birla Estates brand and develops residential and commercial properties in key Indian markets.
With a market capitalization of Rs. 13,442.58 crores on Wednesday, the stock closed at Rs. 1,203.50, with an RSI of 29.40 indicating that it is in the oversold zone, offering the potential for an upside bounce.