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: 123456789Show all

  1. sanjay mishra Says:
    January 19th, 2010
    Posted at: 2:53 pm

    hi cb,

    i m waiting for ur reply regarding fcs bonus share.

    thanx


  2. D.Bagavan davey,Trichy Says:
    January 19th, 2010
    Posted at: 10:24 pm

    i want to konw the stock of Austral Coke. i have purhased for rS.11/-average.what is the future prospects for the above coy. could u advise me what i will do.


  3. CB Says:
    January 20th, 2010
    Posted at: 1:14 am

    Hi pradeep, hold it..it can see 70

    Hi sanjay mishra, yes. hold it.. its a good bet for med term..can add 25-30%.. after bonus stock price will come down by 50% and you will have double the quantity

    Hi harshit, yes

    Hi Silversurfer, yes. its stuck in the range for quite some time. hold it for med term..can see a bounce anytime soon. fundamentally its a strong company

    Hi D.Bagavan davey,Trichy, its a high risky bet for med term. hold onto ti.. it can see 13-14 levels.


  4. chsreddy Says:
    January 20th, 2010
    Posted at: 12:12 pm

    HI CB,
    Can i take some SEL manufacturing at current price @104


  5. sarathkumar Says:
    January 21st, 2010
    Posted at: 9:32 am

    What is the support level to by this stock
    i have Invest huge quandary


  6. rahul Says:
    January 22nd, 2010
    Posted at: 12:11 am

    Thank you, Kartik.
    What level should i be looking to Enter the Market as well as S.E.L Manufacturing ?? Market looks weak after falling 423 points today..


  7. CB Says:
    January 22nd, 2010
    Posted at: 8:18 am

    Hi chsreddy, buy some around 95-96

    Hi sarathkumar, strong support at 90-92


    Hi rahul, one can enter around 95-96 levels.


  8. sarathkumar Says:
    January 26th, 2010
    Posted at: 9:52 pm

    Sir , U r saying book value is 166.63 , But I referred moneycontrol.com. This stock book value 131.06 . Which is the correct?


  9. CB Says:
    January 26th, 2010
    Posted at: 10:05 pm

    Hi sarathkumar, book value of a stock keeps on changing every quarter..


  10. Amitesh kumar Says:
    January 27th, 2010
    Posted at: 10:13 am

    hi, i have 6500 shares of fcssoft @15.63, now what i will have to do.


  11. rahul Says:
    January 27th, 2010
    Posted at: 10:47 pm

    i bought 500 shares @ 96 in SEL Manu. Should i Buy More to average my Cost ??


  12. rahul Says:
    January 27th, 2010
    Posted at: 11:13 pm

    Can i buy IFCI @ current levels ?? any levels ?


  13. CB Says:
    January 28th, 2010
    Posted at: 12:33 am

    Hi Amitesh kumar, hold it for short term. fundamentally its a good bet for med term

    Hi rahul, one can enter it around 44

    Hi nafeesa, hold onto it..fundamentally its a good bet.. had posted 100% rise in profits last quarter.. hold it for med term. has the potential to add 20-25%


  14. CB Says:
    January 28th, 2010
    Posted at: 12:44 am

    Hi nafeesa, not really sure.. ill check in for details and let you know..split was 1:1.. so 50% down should be fine.


  15. nafeesa Says:
    January 28th, 2010
    Posted at: 12:48 am

    OK CB,
    IF U KNOW ANY THING ELSE PLEASE MAIL ME ON [email protected]


  16. CB Says:
    January 28th, 2010
    Posted at: 1:14 am

    Hi nafeesa, sure.. will do

Comment pages:123456789Show all

  1. Your name>
    Change your image

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

Interesting Posts:

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