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While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

The stock quoted a 52-week high of Rs 1101.55 and a 52-week low of Rs 793.7.

While the headline valuation may not look very expensive, it could be misleading due to the large contribution of banks to overall profits of Nifty. A sectoral break-up of net profits of Nifty50 index across shows that the contribution of banks has gone up from 21% in 2022 to 27% in 2023.

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19400 and then towards 19,500 strikes.

Power Grid Corporation of India key Products/Revenue Segments include Transmission Revenue, Other Operating Revenue, Consultancy Income and Income From Telecom for the year ending 31-Mar-2022.

“Jio Financial Services remains a strong proposition as far as the outlook is concerned on the NBFC side. That definitely holds good for shareholders because they are getting 1:1 equity out of this particular proposition. We are getting a relatively better visibility for investment going forward from this particular company.”

There is improvement in demand trends, topline growth, and gross margins. Easing inflation is likely to expand margins after 1000 nine quarters decline. The management is optimistic about the outlook.

Bullish follow-through is seen post anchor column as it continues to O/P PSU bank space.

Trendlyne data shows that 8 BSE mid and smallcap stocks, including Federal Bank and City Union Bank have high analyst ratings and can rally up to 39%.

I think it has been a sector which I have tracked for many-many years, the NBFCs. You were mentioning in your PSU bank presentation just a few minutes ago that they were the darlings of 2022. In fact, PSU private banks both. I think 2023 is turning out to be a year of NBFCs because the banks will see some bit of margins cooling off but that is good news for NBFCs.