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“Power is a multi-year story. The power stocks have just started reacting. There can be a very sharp run from here also. Although we do not have any formal coverage, I am again highlighting that this space itself is becoming very attractive. So, the power story can be interesting. ”

In the international market, gold prices rose amid a slip in the dollar index below the 104 mark. On Comex, Gold futures were trading at $2,048.60 per troy ounce, up by $2.20 or 0.11% while Silver futures were trading at $24.170, higher by $0.111 or 0.460%.

Investec maintained a buy rating on Orchid Pharma with a target price of Rs 800. The company is set for strong growth over the next 3 years. The new management continues to execute the turnaround strategy well. It sees a strong 35%+ EBITDA CAGR over FY23-26 for the base biz (ex-PLI).

“The entire capital goods is one pack which looks very interesting to us. Hospitals is another segment which we are very positive about. Third sector is private sector banks where the valuations are at a multi-year low. ALso on the consumption side, we have been pitching for some of the discretionary names.”

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

Promoters held 45.85 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 30.42 per cent and 9.14 per cent, respectively.

A total of 6,458 shares changed hands on the counter till 10:51AM (IST)

The stock quoted a 52-week high of Rs 4225.0 and a 52-week low of Rs 3292.65.

Tokyo stocks opened lower on Friday despite gains in US shares, as a stronger yen against the dollar weighed on the Japanese market. "The Japanese market is expected to start lower due to the significant appreciation of the yen," senior market analyst Toshiyuki Kanayama of brokerage Monex said.