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“The leader of the pack, of course, is the State Bank of India. There is absolutely no harm in buying State Bank of India at the current level. One can also look at some of the laggards. PNB has been kind of lagging behind.”

The company has an EPS of 21.61 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 3. According to the latest shareholding pattern available with the exchanges, public investors own a majority of the stake at 56.72%, while the rest of 43.28% lies with promoters.

A look at the best-performing Nifty stocks shows Tata Motors in the lead followed by NTPC.

During this week, ETMarkets identified five stocks in the BSE500 index that consistently showed an upward trajectory in their stock prices

As part of the divestment, the promoters will sell up to 1.24% of the total paid-up equity share capital of the company aggregating up to 1,61,16014 shares between December 26 and January 31. At the end of the September quarter, Adani Commodities owned 43.97% stake in the company while the other promoter Lence Pte, part of the Wilmar Group, also owned an equal number of 43.97% stake in the FMCG firm.

Going into the final week of 2023 and watching the start of 2024, most of the markets are likely to observe thin volume due to the holiday-curtailed week.

Ahead of its listing next week, the grey market premium (GMP) of Happy Forgings fell marginally to Rs 405. Despite this fall, the stock will likely debut with a bumper premium of over 80% if the current trends are sustained. The listing date is likely to be December 27.

“In 2023, gold demonstrated remarkable returns, outperforming expectations and serving as a strong asset for investors amid economic uncertainties and market fluctuations.”