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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: 34567891011Show all

  1. vignesh Says:
    February 4th, 2010
    Posted at: 8:09 pm

    hi i bought 200 dlf shares at rs 320 kindly advice me wether it is good for long term .and dlf wii go to their previous highs


  2. CB Says:
    February 4th, 2010
    Posted at: 9:38 pm

    Hi vignesh, yes, its a good bet for long term. continue to hold onto it.


  3. Santhosh Kumar Says:
    February 5th, 2010
    Posted at: 12:04 pm

    Hi

    I have 350 @ Rs 95, what should i do now? sell?

    Whats the time frame to it turn to profitable


  4. rahul Says:
    February 5th, 2010
    Posted at: 10:53 pm

    any idea how long the market will fall and How much ??


  5. vignesh Says:
    February 5th, 2010
    Posted at: 11:40 pm

    can i buy sel at 87 ?target for 1-2 months for this stock


  6. Ray2Wealth Says:
    February 9th, 2010
    Posted at: 4:34 pm

    Hi, my self is umang agarwal . Deals in various financial products Mutual Funds, Insurance(life and Non life) and recently started my share terminals.


  7. Kartik Says:
    February 9th, 2010
    Posted at: 4:40 pm

    Hi Santhosh Kumar, Hold onto it for 2-3 months.will give good returns

    Hi rahul, as of now finding good support at 4680. below this it can see 4550

    Hi vignesh, yes.

    Hi Ray2Wealth, nice to hear that.. whats the name of your website?


  8. ss Says:
    February 9th, 2010
    Posted at: 10:23 pm

    I BOUGHT VIPUL LTD @ 49 WHAT SHOULD I DO ? TARGET FOR 12/18 MONTHS?


  9. NISHA Says:
    February 15th, 2010
    Posted at: 3:08 pm

    HI CB ,PAID SERVICE FOR INTRADAY,DELIVERY,FNO ! WHAT IS YOUR OPINION ON IT ? ARE THEY REALLY WORKS?


  10. Moti Lal Says:
    February 20th, 2010
    Posted at: 9:08 pm

    helo


  11. Moti Lal Says:
    February 20th, 2010
    Posted at: 9:09 pm

    hi have reliance 30@1082 sahre wht i do ? hold or ...........


  12. CB Says:
    February 20th, 2010
    Posted at: 10:30 pm

    Hi ss, as of now it looks a bit weak. if possible avg it on dips if it comes down to 38-39 levels

    Hi Moti Lal, yes, its a hold. its one of the best stocks available. if possible avg it out on dips.


  13. rahul Says:
    February 21st, 2010
    Posted at: 10:34 pm

    hi, i have Aarey Drugs @ 54.50 Rs.
    what should i do ?


  14. CB Says:
    February 21st, 2010
    Posted at: 10:43 pm

    Hi rahul, as of now it looks weak. wait for some time. once it stops falling and forms a base add some more. fundamentally its a sound company. will bounce back.


  15. Dheeraj Says:
    February 22nd, 2010
    Posted at: 2:40 pm

    Hi ,

    I brought Ispat Industires at 19.00.I can hold it for 2 months.What's your view on that?

    Thanks,
    Dheeraj


  16. rahul Says:
    February 25th, 2010
    Posted at: 11:53 pm

    i hold Sel Manufacturing @ Rs. 93. What Price can it achieve in 2 - 3 months time ?

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