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.
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The stock of Laxmi Dental slumped as much as 5.5% to ₹441.15 on the NSE, falling below its initial offering price for the first time, 23 days after going public. Mumbai-based dental products maker ...
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