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The most oversold stocks in the industrials sector present an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

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Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Rentokil Initial plc (NYSE:RTO)

• On Sept. 11, Rentokil Initial revised the guidance for the second half of FY24. The company projects organic revenue growth for North America operations to be about 1% in the second half of 2024, with operating profit anticipated to be impacted by higher sales, service, and other costs. The company's stock fell around 25% over the past month and has a 52-week low of $23.39.

• RSI Value: 29.83

• RTO Price Action: Shares of Rentokil Initial fell 0.6% to close at $23.55 on Tuesday.

• Benzinga Pro's real-time newsfeed alerted to latest RTO news.

Blue Bird Corp (NASDAQ:BLBD)           

• On Oct. 3, Roth MKM analyst Craig Irwin downgraded Blue Bird from Buy to Neutral and maintained the price target of $48. The company's stock fell around 10% over the past five days. It has a 52-week low of $17.60.

• RSI Value: 27.62

• BLBD Price Action: Shares of Blue Bird fell 1.8% to close at $41.28 on Tuesday.

• Benzinga Pro’s charting tool helped identify the trend in BLBD stock.

Concentrix Corp (NASDAQ:CNXC)

• On Oct. 3, Baird analyst David Koning initiated coverage on Concentrix with an Outperform rating and announced a price target of $70. The company's shares fell around 32% over the past month and has a 52-week low of $48.71.

• RSI Value: 17.33

• CNXC Price Action: Shares of Concentrix fell 5.6% to close at $48.74 on Tuesday.

• Benzinga Pro’s signals feature notified of a potential breakout in CNXC shares.