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“A few stocks in capital goods and engineering space exhibiting sustainable growth attributes have outperformed in the recent past and moved up into the high optimism zone along with consumption as incremental growth emanates from the investment cycle,” the brokerage said.

The Relative Strength Index of the stock stood at 44.01 on Tuesday.

Zydus Lifesciences has given returns of more than 35% over a 12-month period outperforming the Nifty50 which has given 1% returns during this period according to data sourced from Trendlyne.

The stock traded at a P/E multiple of 39.43, while the price-to-book value ratio stood at 4.0.

A total of 7,117 shares changed hands on the counter till time (IST).

​So really the growth story if the interest rates fall down in the future I think the growth in the affordable segment will again pick up which means the overall sales of over 2023-2024 could be much higher if ultimately the interest rates actually start moving down may be in three months or six months’ time.

The action in Kotak Bank stock was high with over 36.8 lakh shares changing hands around this time. The stock has corrected from its 52-week high of Rs 1.997.55 which it hit in November 2022. It has marginally outperformed the Nifty50 index, giving returns of over 2% over a 12-month period as against a 0.3% gain seen in Nifty50, according to Trendlyne data.

Individual investors raised their holdings in eight of the 10 companies related to the ports-to-power group in the three months through March, including its flagship firm Adani Enterprises Ltd. and a key unit that handles a big chunk of India’s ports, according to regulatory filings.

The stock quoted a 52-week high of Rs 288.5 and a 52-week low of Rs 182.45.

The Nifty Auto index was trading 0.54 per cent up at 12684.6.