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Cupid among 5 stocks showing bullish RSI upswing
Five NSE-listed companies with market capitalisation above Rs 10,000 crore, including Cupid and Reliance Industries, have shown a bullish Relative Strength Index (RSI) crossover above the 50 mark, according to StockEdge data. The move signals strengthening price momentum and may indicate potential buying opportunities for traders tracking technical indicators.
Bonus issue alert: Did Cupid shares really crash 80%? Here's why you should ignore the massive plunge
Cupid Limited shares appeared to crash nearly 80% after adjusting for a 4:1 bonus issue, but actually rose over 15%. The stock opened at Rs 82 and rallied to Rs 92.90, despite the broader market decline. This corporate action, while adjusting the per-share price, does not alter the total value of shareholders' holdings.
Stocks to Watch Today: Kotak Bank, KPIT Tech, Waterways Leisure, Advit Jewels, Genus Power, Ivalue Info, Cupid, RailTel, Rane Madras in focus on 01 July
Stocks to Watch, 01 Jul: Stocks like KPIT Technologies, Cupid, Hexagon Nutrition, Kotak Mahindra Bank, RailTel Corporation of India, Tata Communications, Rane Madras, RHI SRF, Genus Power Infrastructures, Indo Tech Transformers, Ivalue Infosolutions, and Axiscades Technologies will be in focus on July 1.