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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: 456789101112Show all

  1. 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.


  2. 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


  3. 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 ?


  4. PRAMOD KUMAR SHARMA Says:
    March 4th, 2010
    Posted at: 1:57 pm

    I BUY MOSER BAYER 851@ AVG 95/ - IS THAT GOOD INVESTMENT.WILL I GET MY PURCHASE PRICE. WHAT IS FUTURE OF STOCK.


  5. PB Says:
    March 5th, 2010
    Posted at: 3:09 pm

    HI CB,

    Got the info from MC.

    SEL Textiles, a subsidiary of SEL Manufacturing Company and the flagship company of RS Saluja Group, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for public issue of 1.1 crore equity shares. SEL Manufacturing Company, a holding company, will dilute its stake to 72.06% from current 99.75% through this issue.

    What will be the effect of the IPO on SEL Man scrip? Please guide us the meaning of the above.

    Thanks,


  6. CB Says:
    March 6th, 2010
    Posted at: 9:21 pm

    Hi Dheeraj, yes, hold it. can head upto 22.

    Hi rahul, around 120. hold it.

    Hi PRAMOD KUMAR SHARMA, its a hold. if possible avg it on dips. can head utpo 100 in coming days

    Hi PB, it should have a positive impact. lets see how markets react to this in coming days


  7. JIGNESH Says:
    March 6th, 2010
    Posted at: 11:28 pm

    HI CB, CAN I BUY MORE SEL AT CMP


  8. rahul Says:
    March 7th, 2010
    Posted at: 11:36 pm

    hi, kartik. please help.
    i hold JkLakshmi @ 77 and Unitech @ 93. What price should i hope for and in how much time ????


  9. CB Says:
    March 7th, 2010
    Posted at: 11:41 pm

    Hi JIGNESH, no, dont add more yet.. wait for some time.

    Hi rahul, for now continue to hold onto them for a month or 2. jk lakshmi cement will do well once it manages to close above 78


  10. AMIT SHAW Says:
    March 9th, 2010
    Posted at: 10:23 am

    hi cb , i bought sel manufacturing ltd 500 @ 86, can i average it , if it falls & what is the level for averaging, plz suggest


  11. CB Says:
    March 9th, 2010
    Posted at: 10:28 am

    Hi AMIT SHAW, as of now hold it. dont avg yet. avg if it comes down to 77


  12. moanto Says:
    March 9th, 2010
    Posted at: 10:37 am

    Dear CB,

    Got 5100 PE and the price is not crossing 78. Should i continue to hold or square it off?


  13. pradeep Says:
    March 15th, 2010
    Posted at: 5:37 pm

    Dear CB,

    I hold Sel Man 500@103. Why did it fall so much all of a sudden.

    Kindly let me know.


  14. rahul Says:
    March 15th, 2010
    Posted at: 11:17 pm

    it fell bcoz some company sold around 0.88 % shares in it

    Kartik, what should we do now ? buy, hold or Sell ???


  15. rahul Says:
    March 15th, 2010
    Posted at: 11:18 pm

    Kuvera Capital Partners LLP has sold 0.81% stake in SEL Manufacturing (Q,N,C,F)* for an aggregate amount of Rs 15 million. Kuvera Capital Partners LLP sold 0.20 million shares of SEL Manufacturing


  16. Kartik Says:
    March 15th, 2010
    Posted at: 11:25 pm

    Hi rahul, hold it as of now, shares worth 3.74cr were also purchased today and the end of the trading session

    Hi pradeep, there was a bulk deal in it today

    Hi moanto, hold it with a SL at 5150 on Nifty

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