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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...
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IVRCL Ltd: Buy in Bulk
CMP: Rs.25.15
Two Prime Triggers:
(i) Rights Issue probably at a price which could be higher than the current market price of Rs.25.15. The Book Value of the shares of the company is Rs.47.33, which is almost double the current market price. 
(ii) The implementation of the CDR Package, apart from the government help. Once the company starts to get financial assistance, in terms of working capital needs, its order book of around Rs.20, 000 Cr, would get slowly implemented. There are other positives, also which I cannot disclose at the current moment. 

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