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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.

Brokerage firm Kotak Institutional Equities has initiated coverage on Swiggy Ltd. with a ‘Buy’ rating and a price target of ₹500. Kotak’s price target implies a potential upside of 15% on Swiggy from ...