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Mold-Tek Packaging Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 2636.40 Crore) operating in Plastics sector.

Short-term traders who missed out on the rally can look at buying the stock now or on dips for a possible target of Rs 4,000 and above possibly in the next six months, suggest experts. The Relative Strength Index (RSI) is nearing the overbought category but there is room for some more upside before the pullback can happen.

A total of 118,437 shares changed hands on the counter till 10:10AM (IST)

Stocks that were in focus include names like L&T which closed with gains of nearly 3 per cent post Q1 results, Shoppers Stop which rallied over 7 per cent, and Tata Motors which ended with muted gains ahead of results.

"The Indian rupee (INR) actually stands out when we compare the performance of all the other major currencies in the world against the US$. There is some pressure on the INR, which may slip further to potentially 82 levels also if the US Fed continues to hike the rate. However, this will not be a major worry for us at this point as the rest of it is well in control."

“The key positive this time around has been that most of the companies have mentioned that the worst of the margins were reported by them in the first quarter and from second quarter onwards, they expect recovery in margins and this is a very positive sign because this means that the earnings downgrade cycle which was a fear in the market is close to its end.”

Mitul Shah, Head of Research, Reliance Securities expects the domestic PV industry to record double-digit volume growth in FY23 and FY24, which would support Maruti’s business. Moreover, sales of premium products would further increase.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5794.79 Crore) operating in Consumer Durables sector

Vedanta executives said at the conference that the company would target volumes of 240,000 sheets a month for its integrated display fab built at a $12 billion investment, and about 50,000 Wafer Starts Per Month (WSPM) from the semiconductor factory.

​​Benchmark U.S. Treasury yields fell to hover near two-month lows. Lower bond yields reduce the opportunity cost of holding non-interest bearing gold. Meanwhile, a sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said.