SEL Manufacturing Company – Avoid
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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pankaj Says:
January 28th, 2010
Posted at: 7:13 am
i want to know about gmrinfra , its support and then its targets
CB Says:
January 28th, 2010
Posted at: 7:38 am
Hi pankaj, buy it with sl at 58.. can see 64.
Rahul Says:
January 28th, 2010
Posted at: 11:33 am
I hold Unitech @ Rs.90 please tell what to do ?
rahul Says:
January 30th, 2010
Posted at: 9:57 pm
i hold some shares @ Rs 96 And some @ Rs.92
Should i buy more or Wait ??
CB Says:
January 30th, 2010
Posted at: 10:17 pm
Hi Rahul, as of now its a hold. if possible add few more on dips. it will do well once markets settle
Hi rahul, no, dont add more yet.wait for some time.
rahul Says:
January 30th, 2010
Posted at: 10:20 pm
i hold some shares in SEL Manufg. @ Rs 96 And some @ Rs.92
please give a time frame...
CB Says:
January 30th, 2010
Posted at: 10:25 pm
Hi rahul, hold it for med term..can head upto 130 levels.
care Says:
January 30th, 2010
Posted at: 10:33 pm
HI cb , how is everything?
care Says:
January 30th, 2010
Posted at: 10:36 pm
HI CB Can I enter sel pl? will the mkt make further up moves pl?
CB Says:
January 30th, 2010
Posted at: 10:51 pm
Hi care, alls well . hope you doing good too. yes, sel can be bought..can see 120-130 in med term
care Says:
January 30th, 2010
Posted at: 11:02 pm
HI CB , I am doing good . It was a nice day.. Thanks . I am running all around the site .. once there and again here ..Sorry
Imran Says:
January 30th, 2010
Posted at: 11:14 pm
CB, is there any software for free download which is helpful for technical analysis?
CB Says:
January 31st, 2010
Posted at: 12:37 am
Hi care, no issues..
Hi Imran, yes, you can download a charting software from www.chartnexus.com
RAHUL Says:
February 2nd, 2010
Posted at: 2:49 pm
I BOUGHT APOLLO TYRE @ 55.5.. WHAT SHOULD I DO ???
sarath Says:
February 3rd, 2010
Posted at: 3:21 pm
Why this stock today go down side?
CB Says:
February 4th, 2010
Posted at: 1:54 am
Hi RAHUL, its a hold..can see 60
Hi sarath, today all large caps were seeing good buying interest.. mid/smallcaps will follow soon