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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: 5678910111213Show all

  1. Ranjeet Singh Says:
    March 16th, 2010
    Posted at: 12:36 pm

    What is the fut of bharti ihave buy 1lot 296.25 kindly tell me CB


  2. Ranjeet Singh Says:
    March 16th, 2010
    Posted at: 12:37 pm

    Any friend Can tell me about bharti fut


  3. Sunny Says:
    March 16th, 2010
    Posted at: 1:53 pm

    Dear CB,

    I hold 500 SEL @ 84. Can I buy more at current price. If Yes how much?

    Thanks for all the information.


  4. G10 Says:
    March 16th, 2010
    Posted at: 5:10 pm

    Dear CB,
    I was holding 200 SELMCL @ 93 price. Today it closed near rs. 74.
    What will I do now? Shall i average it at cmp or hold it?


  5. kk Says:
    March 16th, 2010
    Posted at: 6:14 pm

    CB Sir,

    Morning, It reached high of 79 and drags till 68 and posted a high volume.
    It seems today also bulk deals continues. Is the bulk deals a good / bad sign for the share in a near future?


  6. vasudev Says:
    March 16th, 2010
    Posted at: 7:19 pm

    i bought lanco infra at 54.5 should i hold it buy again or sell


  7. AMIT SHAW Says:
    March 17th, 2010
    Posted at: 4:06 pm

    hi cb , i hv sel manufacturing 500 @ 86 , and today it's touch to 66.50 , so why it is in downside, should i exit or average it , plz suggest


  8. CB Says:
    March 17th, 2010
    Posted at: 4:12 pm

    all, hold sel man for med/long term. nothing wrong with the company fundamentally . it will bounce back and give good returns.


  9. vamsi Says:
    March 17th, 2010
    Posted at: 6:33 pm

    hi cb.. whats wrong with this stock??? why is it going down n down.. holding it at 96... i m in huge loss.. please help me..


  10. brijesh Says:
    March 18th, 2010
    Posted at: 10:51 am

    cb hold 150@86 selmcl so now i do plz reply me ?


  11. sarath Says:
    March 18th, 2010
    Posted at: 9:31 pm

    If everybody go through the chart of SELMCL for same period last year. The stock was hammered in feb & mid march. But then after it rallied from 38 on 9 th march to 105 on 23rd April 2009. Three fold increase in just 30 days. Wait you will see this magic 2010 also.


  12. sanat mallick Says:
    March 19th, 2010
    Posted at: 6:46 pm

    Dear CB,
    I was holding 200 SELMCL @ 89 price. Today it closed near rs. 74.
    What will I do now? what is the current terget


  13. Karthik Says:
    March 25th, 2010
    Posted at: 1:31 am

    Dear sanat 63 is the support level for SEL mfg.
    If it breaches then 55,45 are next support levels.

    Recently I got this info from some other site that emerging india focus funds sold 300000 shares at rs 65.

    Patience always pays.

    NSEGUIDE stocks too...

    -koolfriend4u


  14. pavithra p.puliampatti Says:
    March 25th, 2010
    Posted at: 5:38 am

    Can I buy SEL Manufacturing Company at current price


  15. rahul Says:
    March 25th, 2010
    Posted at: 10:23 pm

    what is your outlook on Bajaj Steel ? it has closed @ 309 today after touching 322...
    can i buy ? i heard it can achieve Rs. 400


  16. Bachi Says:
    April 1st, 2010
    Posted at: 6:06 pm

    Can any one answer why the SEL price got down?
    can we purchase SEL or sell for the current price?

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