Moneycontrol
Jun 22, 2013 01:05 PM IST | Source: Moneycontrol.com

Bargain hunting: 24 stocks you can pick up post mkt carnage

Book value is the net asset value of the company. Technically speaking, it is the sum of the company‘s equity capital and reserves divided by number of shares in issue.

Bargain hunting: 24 stocks you can pick up post mkt carnage

Moneycontrol Bureau


It was carnage across the board on Thursday after the rupee touched an all time low of 59.93. Fears of a large scale pullback of FIIs from India saw the Sensex crashing 526 points, lead by shares in the metal, banking and realty sectors.


Yet, periods of turmoil like these also provide investors with an opportunity to buy stocks at reasonable valuations. One of the yardsticks used by investors is the market price compared to the book value.


Book value is the net asset value of the company. Technically speaking, it is the sum of the company’s equity capital and reserves divided by number of shares in issue. Simply put, this is the price that a shareholder would get per share if the company were to be liquidated. The book value is a reasonable indicator of whether a stock is overpriced or undervalued.


As per latest data, 25 companies out of BSE 100 are trading at discount to book value post Thursday’s sell-off. Check them out


Source: Capitaline. Close price as on 20th June, 2013



CompanyClose PriceCons Book ValueLatest P/BV
HDIL36.15257.80.14
Reliance Infra339.8957.50.35
Unitech21.0543.540.48
Sterlite Inds81.4161.780.50
IDBI Bank74.25145.630.51
SAIL53.5599.450.54
Hindalco Inds97.7178.090.55
HPCL251.65394.480.64
Bank of India260.25390.810.67
Reliance Capital330.7487.340.68
Canara Bank358.5522.420.69
Reliance Comm124.65181.260.69
Sesa Goa139.7201.070.69
Bank of Baroda576.67850.73
Punjab Natl Bank687.35934.580.74
NHPC Ltd18.3524.690.74
Union Bank201.1265.140.76
Tata Steel272.4351.850.77
Power Fin Corp154.4183.010.84
JSW Steel687.2762.090.90
IOC240.9259.630.93
Reliance Power64.5566.240.97
Jindal Steel222.15227.350.98
Adani Enterp182.65186.880.98

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