The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

HCL group founder Shiv Nadar has gifted 47 per cent of his stake in HCL Corp and Vama Delhi, the promoter entities of the group, to his daughter Roshni Nadar Malhotra, in a strategic transfer as part ...