Half the stocks going below book value

Pradip Kumar Dey
Posted: Monday, Oct 06, 2008 at 0047 hrs IST
Updated: Monday, Oct 06, 2008 at 0047 hrs IST

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Sensex falls 213 pts on FII curb fears Suzlon to sell 35% stake in Belgian firm NSE, BSE to extend trade timings soon Six cos lose over Rs 19k cr in m-cap

Mumbai, Oct 5 : on Asian markets, “We know that markets are a little below average on P/BV at 1.7x. From here we are close to a 50/50 probability of making money.”

The reasoning is that Asian markets are slightly below average but by only a very small margin. “If the last 30 years are any guide, the risk reward of buying the Asian markets at this stage is 51% upside probability vs. 49% downside probability. So, not exactly attractive,” the report concludes....

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» Indian Stock Market

Posted by Dr.K.K.Ammannaya on 2008-10-06 05:00:35.009156+05:30
The valuations are really attractive now.Long term investors who have money can safely invest.

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