SENSEX NIFTY
Jun 21, 2013, 11.54 AM 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.

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

Company Close Price Cons Book Value Latest P/BV
HDIL 36.15 257.8 0.14
Reliance Infra 339.8 957.5 0.35
Unitech 21.05 43.54 0.48
Sterlite Inds 81.4 161.78 0.50
IDBI Bank 74.25 145.63 0.51
SAIL 53.55 99.45 0.54
Hindalco Inds 97.7 178.09 0.55
HPCL 251.65 394.48 0.64
Bank of India 260.25 390.81 0.67
Reliance Capital 330.7 487.34 0.68
Canara Bank 358.5 522.42 0.69
Reliance Comm 124.65 181.26 0.69
Sesa Goa 139.7 201.07 0.69
Bank of Baroda 576.6 785 0.73
Punjab Natl Bank 687.35 934.58 0.74
NHPC Ltd 18.35 24.69 0.74
Union Bank 201.1 265.14 0.76
Tata Steel 272.4 351.85 0.77
Power Fin Corp 154.4 183.01 0.84
JSW Steel 687.2 762.09 0.90
IOC 240.9 259.63 0.93
Reliance Power 64.55 66.24 0.97
Jindal Steel 222.15 227.35 0.98
Adani Enterp 182.65 186.88 0.98

READ MORE ON  Book value, FII, BSE 100, rupee
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HDIL Reliance Infra Unitech
Sterlite Ind IDBI Bank SAIL
Hindalco HPCL Bank of India
Rel Capital Canara Bank Reliance Comm
Sesa Sterlite Bank of Baroda PNB
NHPC Union Bank Tata Steel
Power Finance JSW Steel IOC
Reliance Power Jindal Steel Adani Enterpris

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