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New Delhi: Three mid-cap stocks - Yes Bank, SBI Cards and Jindal Stainless - have recorded a rise in their RSI index. According to the latest data, the RSI of these stocks has reached above 50, which indicates an uptrend. If the momentum persists, these stocks may continue to rise in the short term. However, it is important to keep your risk profile in mind before making any investment. Stocks like Yes Bank, SBI Cards and Jindal Stainless are included in this trend.Yes Bank RSI and share price
Yes Bank's RSI has increased from 47 to 51.35. This indicates that the momentum in the stock is increasing and a bullish trend may start. The CMP of Yes Bank is close to Rs 22. The RSI going up is an early sign for investors that buying interest in the stock is increasing.
The stock of Yes Bank Ltd was trading at Rs 22.8 with a decline of 1.65 percent at the time of writing this article on 4 December. The total market cap of the company is around Rs 71,413 crore. The high low range of the stock has been between Rs 24.3 and Rs 16. The current PE of Yes Bank is 25.1. It has given its investors a return of about 45 percent in the last 5 years.
The RSI of SBI Cards is also on the rise and has increased from 47.43 to 51.24. This indicates that the stock is recovering from the bottom level. The company's CMP is around Rs 866. In this company with a high value consumer finance business, RSI going above 50 is considered a positive sign for investors.
The stock of SBI Cards and Payment Services Ltd is trading at Rs 866 with a slight decline of 0.14 percent on Thursday. The company has a market cap of Rs 82,437 crore. The high low range of the stock is between Rs 1027 and Rs 663. It has given its investors a return of about 22 percent in the last one year.
The RSI of Jindal Stainless has increased from 48.22 to 50.43. This suggests that the stock is entering a positive momentum again. The CMP is around Rs 750 and the stock is likely to go up as the metal sector improves.
The stock of Jindal Stainless Ltd was trading at Rs 750 with a rise of 0.19 percent at the time of writing this article on 4 December. The market cap of the company is 61807 Crore Rupees. The high low range of the stock has been between Rs 826 and Rs 497. The company has given a return of about 936 percent to its investors in the last 5 years.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
