Stay invested in Torrent Power: Hemen Kapadia

Hemen Kapadia VP at KR Choksey Securities told CNBC-TV18, "Torrent Power is a clear hold. We have been moving sideway for almost 6.5 -7 months. As of now it looks like a consolidation phase but for this to rectify we need closing of about Rs 174 on a weekly chart or at least two days on the daily chart and then a sustainability above that level."

"So a close above Rs 174 would trigger, would sort of confirm this bullish prognosis. We are looking at a price target of at least 30 percent from there over the next one year. So I would suggest a hold at current levels," he added.