Quotes with Resistance & Support
Market Information

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.

SMS Alerts, no more page refreshes required

Now get Intraday, BTST, Swing calls, Penny Stocks, Investment Ideas instantly on your Mobile for as low as 500rs for 3 months
name
cell no.
email

237 Responses

{ ADD YOUR OWN }
Comment pages: 789101112131415Show all

  1. Kartik Says:
    November 24th, 2010
    Posted at: 12:36 pm

    Hi bharat, it has been seeing some promoter selling lately, would be better to wait for some more time


  2. bharat Says:
    November 24th, 2010
    Posted at: 12:37 pm

    Thanks Sir. Can u give some good tips.... Wht about IVRCL


  3. panneer Says:
    November 24th, 2010
    Posted at: 7:26 pm

    in what price i average selmcl? i have 2000 shares at RS.74, pls guide me, i am worry about this stack,


  4. RAJ KUMAR Says:
    November 25th, 2010
    Posted at: 9:42 am

    Hi all

    From where we can chek abut latest holding of promoters.
    BSE india show only qtrly

    37% Shares of SEL are holded by "OTHERS" catagory what includes in others


  5. Sanjeev Says:
    November 26th, 2010
    Posted at: 4:41 pm

    HI Cb, what will the future of this SEL


  6. sarath Says:
    December 2nd, 2010
    Posted at: 9:46 pm

    Cb there was a recommendation given on investment ideas for SEL Manufacturing in jan 2010 This stock is close to 52 week low now
    Does this hold an investment opportunity ?
    If yes whats the duration ?


  7. Kartik Says:
    December 2nd, 2010
    Posted at: 9:52 pm

    Hi bharat, dont enter it for Short/Mid term yet

    Hi Sanjeev, it has been seeing promoter selling lately, not sure of the exact reason yet, would be better to exit it

    Hi RAJ KUMAR, yes, you can get it on Bseindia.com

    Hi panneer, dont add more, it has been seeing promoter selling lately, not sure of the exact reason yet, would be better to exited 50% at CMP and kept the rest for Long term

    Hi sarath, yes, the stock has been under-performing the Markets and has witnesses promoter selling in the past few months, avoid it as of now (until the company comes with some positive announcement)


  8. pradeep Says:
    December 7th, 2010
    Posted at: 11:30 am

    dear sir, selmcl 1165 share @93. what will the future of this SEL. what can i do ?


  9. SATYANARAYANA Says:
    December 11th, 2010
    Posted at: 11:09 am

    SEL MANUFACTURING STOCK I BOUGHT 74-00 RS 2100 SHARES. CMP 18.80


    I WAIT TWO YEARS. SO WHAT


  10. CB Says:
    December 19th, 2010
    Posted at: 9:55 pm

    Hi pradeep & SATYANARAYANA, I am not really sure what is wrong with this stock. fundamentally was posting good results but promoters seem to have messed it up

    Hi MITESH, yes, very true.


  11. mohit Says:
    December 21st, 2010
    Posted at: 10:03 am

    Hi CB,

    Is it still good for long term??? 2-3 yrs??
    I am holding 500@58... Plz let me know if i can avg it at these levels with a time frame of 2-3 yrs??


  12. arjun Says:
    December 29th, 2010
    Posted at: 9:27 am

    Hi,

    Can i buy it @CMP


  13. sanjeev kumar Says:
    December 29th, 2010
    Posted at: 8:35 pm

    hi cb, sel is in upmove. are promoters buying? any hope of recovery


  14. pathy Says:
    December 30th, 2010
    Posted at: 12:15 pm

    hi cb,there is a news in moneycontrol about sel textiles ipo,that a broker hd a interviewd with sel mans chirman in cnbc tv,


  15. Paresh shah Says:
    December 30th, 2010
    Posted at: 12:24 pm

    Hi CB

    Can I sell A Mini Lot of Nifty Of Jan' 2011


  16. Arun Says:
    March 11th, 2011
    Posted at: 8:28 pm

    Hi I have entered after exiting @48.00 with a loss of 39Rs per share I have got 300 shares I entered once again @19 how long it will take to recover my loss

Comment pages:789101112131415Show all

  1. Your name>
    Change your image

    Note: rel="nofollow" in use - do not spam, do not advertise!

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments