Sunday ET published a list of stocks which are having market price less then their Book value, which indicates lower valuations. All recommendations are given by SMC Global

• Allahabad Bank: P/BV – 0.54
• Central Bank of India: P/BV – 0.55
• Jindal Stainless: P/BV – 0.31 (Largest Stainless Steel Maker in Country)
• Bharti Shipyard: P/BV – 0.33
• MTNL: P/BV – 0.38
• Tata Steel: P/BV – 0.75 (Top 6 globally steel maker)
• GE Shipping: P/BV – 0.58
• Gujarat Industries Power: P/BV – 0.58
• Tata Chemicals: P/BV – 0.99

Check Net Cash, PE ratio, Market Cap, Dividend Yield before investing in any stocks.