Shares of Torrent Power have been on a strong run, gaining 9.2 per cent over the last seven trading sessions on the BSE. The stock extended its momentum on Thursday, rising to Rs 1,314.45. Domestic brokerage Choice has initiated coverage on Torrent Power with a "Buy" rating, seeing a potential 14 per cent upside from current levels. Advertisement

In its technical note dated October 15, Choice set a target price of Rs 1,500 for Torrent Power, with a suggested stop-loss at Rs 1,225. The brokerage recommended buying the stock at the Rs 1,315 mark as a medium- to long-term investment candidate.

The bullish case is underpinned by multiple technical indicators. The brokerage highlighted that Torrent Power is trading at Rs 1,315 and "has showcased a strong rebound from key support levels where

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