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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...
FII/FPI  were Net Buyers Yesterday
The selling actually came from the DIIs, who sold around shares worth Rs.1680.09 Cr. But still the net buy figures of both FIIs and DIIs were positive yesterday. 

Today, while the Nifyt is down 149 points, the mid-cap index is down only 59.45 points. This show that the selling is coming basically in the large caps, near 9000 level of Nifty. 

Hence, the traders can enter the mid and small cap space today and keep holding. 

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