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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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Today's Calls
1. Buy the shares of Tata Motors Ltd (India’s largest truck and bus maker), at Rs.467-468, T: Rs.487-491, SL: Rs.462.
Tata Motors' total sales in February grew by 2 percent year-on-year, backed by passenger vehicle sales, though commercial vehicle segment degrew 1 percent. The company sold 47,573 vehicles in February against 46,674 vehicles sold in year-ago month.
Many brokerage houses are BULLISH on the scrip -- Motilal Oswal has given a medium term target of Rs.653, while Credit Suisse has maintained outperform rating on Tata Motors after arm Jaguar Land Rover launched its fourth model the Range Rover brand called Velar News. 

2. Those who are holding the shares of Reliance Power Ltd (Rs.48.15), can continue to hold with a SL of Rs.46.60, for 2nd target of Rs.51

3. Buy the shares of Reliance Capital Ltd at Rs.543-544, T: Rs.560-572, SL: Rs.536. Reliance Capital Ltd, has sold its nearly 1% stake in popular digital payments firm Paytm for Rs.275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.

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