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SEL Manufacturing Company – Avoid

Posted on: January 3rd, 2010 at 6:04 pm

Avoid Fresh Investments in this stock.

Current market price: 84.25, Long term target: 168.50. Book value: 166.63. P/E ratio: 2.47

SEL manufacturing company are the manufacturers, exporters of all types of knitted garments. They have in house spinning, knitting, dyeing, Finishing and Garmenting to meet the demand of price conscious and quality conscious market. They do all types of knitted products. Their basic Products include T-shirts, Polo shirt, Sweat shirt, Boxer shorts, Girls top etc. They make 30-35 thousand garments daily.

R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for Domestic Market. Over the year’s company grown to a Pioneer position in exports, supplying yarns, fabrics and garments to major markets in Russia and Middle East. At present Company have FOUR state of the art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning.

Strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of Garments. Their group-wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions.

With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company Ltd. has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton – yarn, fabrics and garments.

Some of their prominent markets are:
Taiwan
Peru
Tunisia
Morocco
Brazil
Turkey
Bangladesh
Russia
China
Singapore
Malasiya
Sri Lanka
Colombia
Spain
Egypt
Switzerland
Germany
Syria
Greece
Gautemala
Hongkong
U.K.
Indonesia
Portugal
Italy
USA
Phillipines
Israel
Korea
Vietnam
Lebanon
Mauritius
Dubai
Argentina

World Class Knitted Fabrics
SEL Manufacturing Company Ltd is investing in high-end fabric manufacture in knitted fabrics. The Company has 75 knitting machines including Terrot Autostriper knitting machines capable of knitting jersey and auto-stripe patterns.
The Company is augmenting its Knitting capacity to 350 tones a month by procuring latest machines to meet the future requirements of garment capacity in-house
To meet the challenges of ever growing demand for quality processed fabrics they are setting up a additional 6 tones / day dyeing capacity with mercerizing, open width with Stenter, capable to produce best quality knitted fabric for our growing in house consumption.

Garmenting:
State of the art Garment manufacturing facilities at 4 strategic locations makes SEL Manufacturing Company Ltd backed up by own spinning and knitting makes us Customer’s choice who looks for Large supplies and short lead time. At present they are producing 600,000 pcs per month.

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237 Responses

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Comment pages: 789101112131415Show all

  1. kishore Says:
    May 18th, 2010
    Posted at: 7:58 pm

    hi karthik/ CB,
    mine is also same view as parth. will u please evalaute the effect of price after results declared, and about stock future?
    thank u


  2. phani Says:
    May 21st, 2010
    Posted at: 8:59 pm

    I have sold the stock taking 40% loss...


  3. Reddy Says:
    May 26th, 2010
    Posted at: 3:42 pm

    Still this call holds?
    and long term means how many months/years?


  4. what is the next target of nifty Says:
    May 29th, 2010
    Posted at: 11:20 am

    what is the next target of nifty


  5. sachin Says:
    June 1st, 2010
    Posted at: 2:01 pm

    I'm in now 400 @ 55. Techincals seems to be realy good. It should do well.


  6. SEL MCL Says:
    June 5th, 2010
    Posted at: 3:21 pm

    every dip buy nifty tgt 5400 by july end


  7. Arunava Says:
    June 11th, 2010
    Posted at: 6:42 pm

    Today I enter In SELMCL @ 61.65 250 share what would be the target for 2 months?


  8. K.D. Says:
    June 15th, 2010
    Posted at: 11:17 pm

    HI CAN I BUY PUNJLLOYD


  9. sunit Says:
    June 17th, 2010
    Posted at: 9:01 pm

    Be patient ... thats what i learnt in the share market...

    SEL is a good company ... it just need some time and some help from the market to reach the target. There is nothing wrong in this share. All please Hold On..

    Cheers!!


  10. ram Says:
    June 19th, 2010
    Posted at: 5:39 pm

    i can get tips


  11. CB Says:
    June 19th, 2010
    Posted at: 5:40 pm

    Hi ram, Yes, intraday calls are posted daily by 8.30am here: http://nseguide.com/category/intraday-calls-tips/


  12. MN Rao Says:
    June 20th, 2010
    Posted at: 1:00 pm

    Hi, Kartik/CB

    SELmcl as long as the equity is increasing generally the cmp is in volatiel. I believe instead holding, practice buy at dips and partial sale at ups. am I right. pls suggest.


  13. CB Says:
    June 20th, 2010
    Posted at: 1:11 pm

    Hi MN Rao, yes, its been volatile.. once crosses resistance at 72 can then move higher to 85.


  14. SEL MCL Says:
    June 23rd, 2010
    Posted at: 4:35 pm

    dear MN RAO can u pls tell tht after crossing 85 noW WHR SEL MCL WILL GO...
    WHT SHLD BE THE SL


  15. MN Rao Says:
    June 26th, 2010
    Posted at: 11:14 pm

    Hi SEL MCL

    SELmcl touched 86 on 23rd intraday. same day closed at 72. let it cross 85 as a closing, its volatile. buy at dips.


  16. kishore Says:
    June 28th, 2010
    Posted at: 2:23 pm

    Hi MN Rao
    what do think abt SEL mcl. will it touch again 86 levels soon. my holding price is 77.5. want to sell it. pls. advise

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