M/s Motilal Oswal have conducted a detailed study of the performance of various sectors & stocks and identified stocks that are still quoting at a discount to their average valuations
After thorough research, Motilal Oswal have reached the conclusion that despite the recent out-performance, cyclicals still trade at a discount to its historical average on P/B basis. PSU Banks is at 15% discount to its historic average P/B, while Capital Goods is at 24% and Metals are at 36% discount.
It is also pointed out that 19 Stocks in Nifty are trade at a discount to their historic average and 31 stocks at premium. The companies with significant discount to their averages have been identified.
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