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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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Market Mantra
The stock of Alankit Ltd (Rs.24.55), basically an e-Governance company, was recommended yesterday to the Premium Members; the stock is up around 3% today. With the government’s increased focus on greater level of governance and transparency on back of digitization, these kinds of companies are likely to be beneficial, albeit with increased competition from the peers.

The scrip of P C Jewelers Ltd (Rs.85.70) is witnessing hammering today also, due to corporate governance issues. The stock touched a low of Rs.81 today in the NSE. I would still suggest you to stay from the counter, till the management commentary looks promising for the shareholders. The stock could test Rs.62 on the downside. 

The scrip of  Bhusan Steel Ltd (Rs.23.65) is seeing correction after an excellent run. The traders were asked to exit, if Rs.29 was broken on the downside. The Rs.2, Face Value share could touch Rs.16-17, before starting a fresh upmove. 

Intraday, BUY IOC Ltd at around Rs.162.25, SL: Rs.160.25, Target:  Rs.165.5. Fitch Ratings has affirmed Indian Oil Corporation Ltd's (IOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable.The agency has also affirmed IOC's senior, unsecured rating and the ratings on its outstanding, senior, unsecured debt at 'BBB-'.Fitch equalizes the India-based company's rating with that of its largest shareholder, the State Bank of India (BBB-/Stable) based on Fitch's Government-Related Entities (GRE) Rating Criteria.

I will give fresh inputs on Rasoya Proteins Ltd (Rs.0.16), TV Vision Ltd (Rs.5.40) and Mandhana Industries Ltd (Rs.5.01), this week to the Premium Members. Those who wants to get 1st hand information on these scrips, should join the Premium Service. 

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