29th Septemer 2005, Economic Times
According to the latest data ETIG analysis shows that only 5.2% of the BSE 500 stocks are quoting below book value.
In comparison 62% of the stocks were below book value at the start of the bull rally in April 2003.
Surprising at the peak of the last boom, in April 2000, 61% of the stock quoted below book value. Then the boom was only in IT scrips.
Now the boom is more broad based.
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