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“The market does not know the calendar is changing. So you do not have to change your strategy just because the 31st has gone and a new year has started. To the extent that it does bring in new flows from the foreign investors perhaps there can be some effect on the near-term performance but it does not last very long because very soon we will be talking about the Budget and what is happening to the rest of the world and all of that again.”

The Nifty Pharma index closed 0.84 per cent down at 12677.1.

Here are 7 stocks from the BSE 100 index that have consistently fallen in the last 5 trading sessions. However, these stocks may see an upside potential of up to 40%, according to Trendlyne data.

“We are going to end FY23 with Nifty EPS somewhere close to Rs 810 odd and maybe FY24 will be closer to Rs 920 odd. So at 18,000 odd or 20 times multiple, it is pretty fair, especially in an environment where rates are higher and valuation expansion looks unlikely. ”

ICICI Securities has a ‘buy’ call on IndiaMart InterMersh with a target price of Rs 6,000 and on Just Dial with a target price of Rs 750

Investors can make a bid for a minimum of 230 equity shares and its multiples thereof. Anchor book will open on Thursday, December 29. The issue will conclude on January 04, 2023.

Nitin Spinners is expanding spinning capacity by ~40% over the next 12/15 months.

Shares of Indian Overseas Bank (IOB) were the top gainers in today’s trade as the stock surged 13% to Rs 29.75 apiece. Meanwhile, shares of Union Bank of India, Bank of India and Bank of Maharashtra rose over 8%. PNB, Indian Bank, UCO Bank, and Central Bank of India advanced over 5% each.

The stock trades at 10/8.7x its FY2023/FY2024E EV/EBIDTA.

A healthy balance sheet, low working capital and strong revenue/PAT CAGR of ~31%/~47% over FY22-25E justify its rich valuation. Recent correction is a good buying opportunity for long-term investors.