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The company’s share price rose to a high of Rs 1,462.65 as against Rs 1,402.05 at the previous close on the BSE. The stock was last trading 2.7 per cent higher.

A total of 240,414 shares changed hands on the counter till 11:11AM (IST).

In the last two weeks, shares of Reliance Industries have zoomed about 14 per cent, whereas the largest Indian company has surged about 20 per cent in the year 2022 so far.

The Relative Strength Index of the stock stood at 49.44 on Friday.

Ahluwalia Contracts (India) Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 2753.86 Crore) operating in Construction sector.

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“In auto, we would like to focus on consumer facing stocks, especially in the four-wheeler segment. Companies like Tata Motors, Mahindra & Mahindra and Maruti and within the three, Maruti remains our top pick. Within the two-wheelers we are not that optimistic on Bajaj Auto, Hero MotoCorp and TVS because of the intense competition and also the kind of disruption that may come from EV. So the top pick remains Eicher Motors.”

All major tokens were trading higher on Friday. Bitcoin posted decent gains, whereas Ethereum was marginally up. Solana, Cardano, Tron and Avalanche zoomed 4 per cent each. XRP and Polkadot gained 3 per cent each.

Gold prices advanced amid a retreat in the dollar index and disappointing macroeconomic data from the US, said ICICIDirect in its note. "However, sharp upsides were capped on a rise in risk appetite in the global markets."

Asian Paints has a market share of over 50 per cent in the decorative paints segment. The stock has always enjoyed premium valuations given its market leadership, pricing power and strong sales network. Even after the recent slide, analysts see little room for upside.