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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  Small-Cap Steel · Capacity Expansion Story Vraj Iron & Steel at ₹126: A Small Mill Building a Much Bigger Ambition Trading close to book value, backed by a near debt-free balance sheet, and sitting on a freshly-approved ₹450 crore greenfield project in Bastar — Vraj is one of the few micro-caps where the next two years' capacity roadmap is already on paper. India's steel story runs through its infrastructure spend, and Vraj Iron & Steel Ltd (₹126) sits right inside that value chain. At around ₹126, the stock trades close to its book value of roughly ₹125-130 a share, at an earnings multiple near 12x. That is not an expensive tag for a company that has just commissioned new capacity, approved a new rolling mill, and greenlit a large greenfield expansion — all inside the last six months. The bigger story here is not what Vraj ear...

Selan Exploration Technology Ltd

Buy Selan Exploration Technology Ltd ( BSE Code->530075)....With oil price raging at around $75 a barrel, there cannot be a better bet, than this Oil and Exploration company, which has done exceptionally well in the last quarter and also in FY-05-06. The company is expected to do further well in the following quarters .....more in future.... Best wishes, Suman Mukherjee India. www.sumanspeaks.blogspot.com www.bcozindia.com

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