Stocks that have significantly increased in price due a large demand are called overbought. This is often the case when there are too many buyers who push the price so high that it can’t be justified by company financials. When sellers start outweighing buyers, the price can change its direction. Another scenario that causes stocks to become overbought is when a company buys back its own stocks. Be careful when buying overvalued stocks as there could be a retracement.
|LIC LIVESTOCK IMPROVEMENT CORPORATION LTD (NS) INVESTMENT SHARES||2.60||4.00%||0.10||Buy||2.292K||76.774M||4.62||0.56||183.00||Consumer Non-Cyclicals|
|QEX QEX LOGISTICS LIMITED||0.75||-5.06%||-0.04||Buy||55.000K||—||—||—||—||—|
|SKO SERKO LIMITED ORDINARY SHARES||2.40||13.21%||0.28||Strong Buy||103.680K||179.746M||—||-0.00||138.00||Technology|
|SUM SUMMERSET GROUP HOLDINGS LIMITED ORDINARY SHARES||6.94||-0.14%||-0.01||Buy||310.667K||1.554B||6.91||1.02||1235.00||Healthcare|
|THL TOURISM HOLDINGS LIMITED ORDINARY SHARES||6.30||-0.00%||-0.00||Strong Buy||226.505K||763.369M||19.00||0.35||637.00||Industrials|
|TWR TOWER LIMITED ORDINARY SHARES||0.83||0.61%||0.01||Buy||949.357K||279.979M||—||-0.04||366.00||Financials|
|WHS THE WAREHOUSE GROUP LIMITED ORDINARY SHARES||2.15||-0.92%||-0.02||Buy||94.297K||745.713M||11.52||0.19||9032.00||Consumer Cyclicals|