The Relative Strength Index (RSI) is a technical momentum indicator which helps in determining overbought and oversold stocks; in general, a reading below 30 is considered as oversold.
In the past one month, the Nifty Auto index has outperformed the market by soaring 9.5 per cent, as against 0.18 per cent gain in Nifty 50.
Here are the top picks of Chandan Taparia, head derivatives & technicals, Wealth Management, Motilal Oswal Financial Services
Tube Investments of India Ltd, part of the Chennai-based Murugappa Group, has reported a consolidated net profit of Rs 303.19 crore for the quarter ended June 30, 2025, the company said. The company had posted a net profit of Rs 316.78 crore in the corresponding quarter of the previous financial year. For the financial year ended March 31, 2025, the company had recorded a consolidated net profit of Rs 1,054.29 crore. In a press release issued on Tuesday, the company said total income for the April-June 2025 quarter rose to Rs 5,380.63 crore from Rs 4,642.66 crore reported in the year-ago period. For FY25, the company's consolidated total income stood at Rs 19,835.71 crore. During the June 2025 quarter, the engineering business vertical posted revenues of Rs 1,298 crore, up from Rs 1,265 crore in the same period last year. The Metal Formed Products division reported revenue of Rs 366 crore, as against Rs 358 crore in the corresponding quarter of the previous fiscal. Among group .