When judged only on the basis of price earning ratio, a correction in the stock market makes some stocks look cheap which are not actually cheap but expensive. More often than not, this interpretation may lead to wrong investment decisions given the fact that cheap always does not mean value. PEG ratio is a better indicator than many other ratios especially P/E which is followed by majority. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.
