Image
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...

 Tit bits

The Google has made the UI of the blogger (blogspot), so Hopeless, that often I don't feel like updating the blog. Their mobile version is even more worse. Photo: Kiplinger.com

Anyway, both the indices ended flat today: The BSE Sensex, was down 24.79 points or 0.05% to 49,492.32. The Nifty 50 index added 1.40 points or 0.01% to close at 14,564.85. 

Inspite of the fall in the retail inflation, the S&P BSE Mid-Cap index fell 0.63%. The S&P BSE Small-Cap index slipped 0.38%. On the BSE, 1240 shares rose and 1824 shares fell.  

Meanwhile, in November 2920, the IIP witnessed a contraction of 1.9%, reverting back to the declining territory, after rising in the last two months. 

To continue with the negative news China is stepping up restricts on social activities near Beijing, following a rise in the Covid - 19 cases. 

On the other side Japan is set to expand the state of emergency to more areas of the country, in a bid to stem the rise of corona virus cases. 

In Mumbai, the suburban local train services are still in a limbo, probably due to the road transport lobby, who are making hefty money, in absence of local trains - - considered the life - line of Mumbai. 

It is surprising why the same is still closed for MALE passengers, only. The political - gender game has created lot of problems for the average Mumbaikars. 

In such a situation, it is really surprising how the Indian stock makekets are moving up. I would suggest a caution till the government of India comes up with Budget papers for FY22. 

#The stock of Kamath Hotels Ltd (Rs.37.85) have come down to my recommended price. I hope you have taken position today. However, if you have not bought today, then don't buy, as Indian markets could slip down at any time, because the fundamentals don't support. 

#My Core - Pati Scheme will commence from the month of Agrayahan, i. e. post 15 January, 2020. So, those who have shown interest should keep the funds ready, for investment in a news driven scrip.

Comments

Popular posts from this blog