Key Points
ONGC, which rallied 10% in the last six months, is trading at a book value of 0.71 times..
According to the Bloomberg Consensus estimates, the stock is expected to yield 18% in a year.Shutterstock.comPFC surged 34% and REC 28% in the past six months but are still trading below their book value and also lower than their five-year average price-to-earnings (PE) ratio - another valuation measure...
Mumbai: The Nifty PSE index comprising shares of India's leading state-owned companies made a multi-year breakout this week, indicating the benchmark could extend recent gains...
ONGC, Indian Oil, Power Finance Corporation (PFC), REC, SAIL, General Insurance, Oil India, and New India Assurance are among the PSUs trading below their book value..
Shares of Indian Oil Corporation traded at 0.91 times its book despite a 17% rally in six months..
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