Out of 2,506 stocks with market caps greater than Rs.100 crore, 60.8% or 1,523 companies are trading at a TTM PBV multiple higher than their respective five-year average; 1,042 companies’ (41.5% of total) current TTM PBV multiple is at over 25% premium to their respective five-year average multiple. The stocks that are trading at a valuation discount in terms of their PBV multiple relative to their respective five-year average were identified. To look for fundamental soundness, only those that have surpassed analysts’ estimates in the June 2024 quarter were considered.
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