# 676GS2061-GS why it is so undervalued?

**URL:** https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687
**Category:** Bonds
**Created:** [January 22, 2026, 9:38am UTC](https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687 "2026-01-22T09:38:08Z")
**Posts on this page:** 1
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### Author: ![cvs](https://tradingqna.com/user_avatar/tradingqna.com/cvs/32/92503_2.png) [@cvs](https://tradingqna.com/u/cvs)
#### Post date: [January 22, 2026, 11:50am UTC](https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687/5 "2026-01-22T11:50:31Z")

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True. One reason for that is sporadic liquidity of these instruments on NSE/BSE.  
Though a volume of hundreds of crores of INR exists across GSECs in these secondary markets, it is spread across 100+ such bonds, with many days having even a lakh of transaction volume (if any).

Plus the other [**pet theory**](https://tradingqna.com/t/glit-fund-is-safe-like-buying-gsec-bonds-directly/181019/17) i have is that folks sell-off GSECs (and other such relatively low-risk-low-return assets) at significant discount, for immediate liquidity during market downturn to invest in potential higher returning assets in the immediate short-term.

However, this is simply a guess based on correlation between GSECs/SDLs/TBILLs being available at significant discounts on their face-value during periods of significant equity market downturn.

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