Seven stocks have been identified by ETMarkets as currently overbought based on the Relative Strength Index (RSI) readings. These stocks are Hindustan Aeronautics, JSW Steel, Tata Consumer Products, Britannia Industries, Bharat Electronics, UltraTech Cement and Cholamandalam Investment & Finance Company. The respective market caps of these companies are greater than Rs 75,000 crore and they operate across aerospace and defence, steel manufacturing, fast-moving consumer goods, food, defence electronics, cement, and financial sectors.
