Coforge among 5 stocks showing bullish RSI upswing

Five stocks in the Nifty500 pack that gained over 5% featured in the RSI Trending Up scan on July 2 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

Astral’s demerger plan triggers sharp selloff, brokerages trim target prices

Astral’s stock dipped 11% after announcing a demerger of its chemicals business. Investors are concerned about the valuation and growth prospects of the standalone chemical entity, which currently lags the profitable plumbing segment. While analysts maintain ‘buy’ ratings, some have lowered target prices. The company anticipates significant revenue growth for the chemicals division in the…