The sharp correction in the stock market over the past few months has pushed the valuations of several stocks below their book value. Mid-cap companies such as HEG, Gateway Distriparks, Himatsingka Seide, Apollo Tyres, Maharashtra Seamless, NCC, Birla Corp, India Cements, Trident, JK Tyre, among others, are currently trading below their book value. About 105 of the BSE 500 companies are currently quoting below their book value and this number has surged significantly since the beginning of this month with the index falling 6.7 per cent during the period. 70458932 Analysts say when a stock falls below its book value, it means it is cheaply valued. But that need not mean that the worst is over for these stocks, they cautions.
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Tuesday, July 30, 2019
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Orai is a city and a municipal board in Jalaun district in the Indian state of Uttar Pradesh. It is the district headquarters for Jalaun District.
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