Share Valuation - As stock in Trade

You should value shares at cost applying FIFO method or market rate, whichever is lower

share is your stock-in-trade now it but it does not covered by as 2 because as per as 2 VALUATION OF INVENTORIES DOES NOT APPLICABLE ON FINANCIAL INSTRUMENT HELD AS STOCK-IN-TRADE (SHARES,DEBENTURES,BONDS, ETC). IT COULD BE COVERED IN AS 13 BUT I M NOT SURE FOR IT'S APPLICABILITY