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Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. It is calculated by comparing the current market price of a stock with its book value. The book value is a measure of a company's total assets excluding its total liabilities.
India's Nifty 50 is set to open at a record high on Friday, the last session of 2023, supported by robust macroeconomic data, foreign and domestic inflows, and expected cuts to global interest...
Indian economy showed resilience in 2023 with strong GDP growth and robust GST collection, but inflation remained above the RBI target.
Nippon India stands to gain from a growing AUM and a steady fund performance, analysts say.
Year-to-date, the NSE Nifty 50 has gained more than 18% and the BSE Sensex 17%, driven by robust inflows from both domestic and foreign investors.