Shares buying and selling under a price-to-book (P/B) worth of 1 are sometimes thought of undervalued. The P/B ratio compares an organization’s market worth to its ebook worth . When this ratio is under 1, it means the inventory is buying and selling for lower than the worth of its belongings, making it enticing to worth traders. On this article, we take a look at among the prime shares at the moment buying and selling under a P/B ratio of 1.
Rajesh Exports Restricted based in 1989, is a worldwide chief within the gold enterprise. Headquartered in Bangalore, India, the corporate has a robust presence throughout the whole gold worth chain from refining to retailing. REL is the world’s largest gold processor, dealing with round 30 p.c of the worldwide gold manufacturing, and can be the most important exporter of gold merchandise from India.
Rajesh Exports goals to be a worldwide chief in gold jewelry by providing high-quality merchandise at the perfect costs. The corporate has superior manufacturing and R&D services in Bangalore and a significant gold refining unit in Switzerland. Recognized for producing gold jewelry on the lowest price, REL has a big design assortment of over 29,000 types. With a robust community in India and international markets, it’s targeted on delivering world-class gold jewelry and funding merchandise to prospects worldwide.
With a market capitalization of Rs. 5,175 Crores, the shares of Rajesh Exports Restricted opened at Rs. 175.50 per fairness share, from its earlier day’s closing worth of Rs. 175.90, and made an intraday excessive of Rs. 178.09 per fairness share. the worth to ebook worth is 0.33.
Rajesh Exports Ltd has a inventory P/E ratio of 54.6, which is considerably increased than the trade common of 28.62, indicating that the inventory could also be overvalued based mostly on earnings. Moreover, the inventory is buying and selling at a present market worth (CMP) of Rs. 175.29, whereas its ebook worth is Rs. 531, leading to a price-to-book (P/B) ratio of 0.33. This implies that the inventory is buying and selling at a steep low cost to its ebook worth, regardless of having a excessive P/E ratio.
JSW Holdings Ltd is part of the JSW Group and primarily features as a non-banking monetary firm (NBFC). It holds investments in numerous JSW Group firms, significantly within the metal and infrastructure sectors. The corporate’s most important position is to handle and develop these strategic investments, contributing to the general monetary energy of the group.
JSW Holdings Ltd with a market capitalization of Rs. 19,393 crore, opened at Rs. 18,000 per share, up from the day prior to this’s closing worth of Rs. 17,847. In the course of the day, the inventory touched an intraday excessive of Rs. 18,000 The corporate is at the moment buying and selling at a low price-to-book worth of 0.62.
JSW Holdings Ltd has a inventory P/E ratio of 109, which is considerably increased than the trade common of 32.24, indicating that the inventory could also be overvalued based mostly on earnings. Moreover, the inventory is buying and selling at a present market worth (CMP) of Rs. 17,472, whereas its ebook worth is Rs. 17,390 , leading to a price-to-book (P/B) ratio of 0.62 This implies that the inventory is buying and selling at a steep low cost to its ebook worth, regardless of having a excessive P/E ratio.
Oil and Pure Fuel Company (ONGC) is India’s largest government-owned oil and fuel exploration and manufacturing firm. Established in 1956, ONGC performs a key position in assembly the nation’s power wants by exploring, producing, and refining crude oil and pure fuel. Headquartered in New Delhi, the corporate operates each onshore and offshore initiatives throughout India and overseas. ONGC is a Maharatna PSU (Public Sector Endeavor) and contributes a major share to India’s home oil and fuel manufacturing.
ONGC is certainly one of India’s largest power firms, using over 27,000 individuals. The corporate contributes to about 71 p.c of the nation’s whole oil and fuel manufacturing. ONGC operates not solely in India but additionally in 15 nations worldwide, highlighting its robust international presence within the oil and fuel trade.
ONGC Ltd with a market capitalisation of Rs. 2,93,573 crore, opened at Rs. 233.39 per share, up from the day prior to this’s closing worth of Rs. 233.39. In the course of the day, the inventory touched an intraday excessive of Rs. 235.37The firm is at the moment buying and selling at a low price-to-book worth of 0.86.
ONGC has a inventory P/E ratio of 8.14, which is considerably decrease than the trade common of 10.89, indicating that the inventory could also be undervalued based mostly on P/E ratio. Moreover, the inventory is buying and selling at a present market worth (CMP) of Rs. 233.36, whereas its ebook worth is Rs. 273, leading to a price-to-book (P/B) ratio of 0.86.This implies that the inventory is buying and selling at a steep low cost to its ebook worth.
Gujarat State Fertilizers & Chemical substances Ltd (GSFC) is a authorities backed firm began in 1962. It makes a wide range of fertilisers and industrial merchandise like plastics, artificial rubber, and man-made fibres. The corporate is a market chief in making Caprolactam, a key uncooked materials utilized in Nylon 6. GSFC additionally leads in producing Nylon 6 polymer and its associated compounds.
GSFC Ltd with a market capitalization of Rs. 7,879 crore, opened at Rs. 198.10 per share, up from the day prior to this’s closing worth of Rs. 197.03. In the course of the day, the inventory touched an intraday excessive of Rs. 200.46 The corporate is at the moment buying and selling at a low price-to-book worth of 0.65.
GSFC has a inventory P/E ratio of 12.3, which is considerably decrease than the trade common of 27.7, indicating that the inventory could also be undervalued based mostly on P/E ratio. Moreover, the inventory is buying and selling at a present market worth (CMP) of Rs. 197.75, whereas its ebook worth is Rs. 305, leading to a price-to-book (P/B) ratio of 0.65.This implies that the inventory is buying and selling at a steep low cost to its ebook worth.
Written by Sudeep
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