The list provided above has been shortlisted from the more than 1000 stocks that are currently trading at a P/B ratio below 1. Furthermore, the list has been limited to stocks with a market capitalization greater than 500cr (approx. $100m). An additional filter considered to come up with this shortlist is the number of analysts covering the stock.
This list is probably a good place to begin to look for potential multibaggers. By no means are all the stocks listed above a good investment, keeping in mind that some of them might be trading at a low P/B as a result of the inherent charateristics; earnings quality, industry, corporate governance etc.
Invest at your own risk. Happy Investing !!