The Economic Times
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| 19 April, 2021, 10:34 AM IST | E-Paper
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    Value stocks are seeing sharp turnaround in stock market: Here is how this theme is playing out

    51% of NSE200 universe has a negative Z-score on PB ratio which is signifi cantly higher than in previous bull markets.

    Synopsis

    Value stocks have seen a sharp turnaround amid a shift in market preferences away from growth stocks after a long time. ET Wealth analyses how this value rotation is playing out.

    Value stocks refer to those stocks which are priced lower than their intrinsic value or relative to the company’s fundamentals. For more than a decade, these have been trailing in the wake of ‘growth’ stocks, namely, those showing high pace of earnings growth. Value stocks should not be confused with cheap stocks. The latter are priced low owing to weak fundamentals whereas value stocks usually pertain to businesses that show potential but
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