Indian equities are going through a prolonged bout of weakness, with rising fuel prices, geopolitical tensions and sustained foreign investor outflows weighing on sentiment, while the benchmark Nifty 50 has declined 13.73% so far this year. At the current level of 22,555, the index is now 14.47% below its record high of 26,373.
With the market under pressure, investors are now looking beyond headline price declines for stocks that offer genuine value. But a stock trading well below its previous high is not necessarily cheap—and that distinction becomes particularly important during a correction.
