Tech Mahindra Ltd. closed 21.54% short of its 52-week high of 1,807.40 rupees, which the company reached on December 12th.
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.
The Sensex surged 852 points, while Nifty 50 climbed 282 points. Strength was observed in stocks of Mahindra & Mahindra, Power Grid Corporation, and ICICI Bank amidst ongoing global trade tensions.
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