GBN IPO should be done at a mcap of Rs 400 crores. FOr undervalued stocks to become value there has to be a trigger and that is touigh to estimate. Sund Finance is a solid value stock but people have lost money (relatively) it has doubled while the index has almost quadrapled - that is because there was no value. Buying low PE also can backfire. bharti at Rs 25 traded at a PE of 100 plus and now trades at a PE of 30 minus.
Investors benefit from low PE stocks when they become high PE stocks (and EPS does not contract) also investors benefit from high PE stocks either when they remain high PE (EPS keeps on rising at a fast rate) or they become low PE (and rise in EPS is really exponential).
KR Bharat does talk sense but in this market I try to hear everyone and then do what ever I feel comfortable doing.
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