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After almost a year of cautious view, we turn positive on India metals; China started to ease Covid-19 policy and support its ailing property sector. We believe the worst-margin quarter for Indian Steel, and the big chunk of earnings cuts for Tata Steel are behind," the brokerage firm Jefferies said.

Over the weekend, a report showed that Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since February 2020, as the country grapples with a nationwide COVID-19 surge after suddenly easing anti-epidemic measures.

​Jindal Drilling & Industries, incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 859.29 Crore) operating in Gas & Petroleum sector.

The stock quoted a 52-week high price of Rs 1471.2 and a 52-week low of Rs 1070.95.

"The year 2023 is likely to be a defining year for ONGC with two prominent triggers. These are a) a rise in domestic oil & gas production, and b) a possible floor on gas realization. Both are likely to play out in favour of the company, an outcome that makes us pitch ONGC as the top idea for 2023 in the sector," Motilal Oswal said.

Calculations done by Nuvama Alternative and Quantitative Research shows that among those that have a high probability of getting upgraded to midcap from largecap are - Varun Beverages, ABB India, Page Industries, Bosch and Trent.

A total of 32,240 shares changed hands on the counter till 01:42PM (IST)

“More than sectors, India is about the cherry picking of stocks. Selective stock picking is going to be rewarding even in 2023. Anybody can go wrong in predicting the index but the trajectory of wealth creation or returns is going to be definitely very positive in 2023 and the coming years.”

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As of 30-Jun-2022, promoters held 68.69 per cent stake in the company, while FIIs held 11.13 per cent and domestic institutional investors had 3.97 per cent.