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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: 67891011121314Show all

  1. Sach Says:
    April 15th, 2010
    Posted at: 11:39 am

    Hi CB - Do you still recomend to buy SEL even today? What targets are expected from here? and in what duration?


  2. MADHU Says:
    April 17th, 2010
    Posted at: 9:14 am

    how long will sellmcl fall?


  3. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:45 pm

    i want to buy nmdc for the period of one year,i want to know the target price.


  4. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:48 pm

    i have sel mcl of price Rs250,wat should i do??


  5. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:50 pm

    i have indiabulls realstate of the price 300,what should i do.


  6. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:52 pm

    i have adlabs of price 750,what should i do.


  7. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:54 pm

    i have hdil of price 370,what should i do??


  8. sameer kumar Says:
    April 18th, 2010
    Posted at: 12:57 pm

    what is the target price of sel mcl for the period of one year??


  9. visvanathan.s Says:
    April 19th, 2010
    Posted at: 6:45 am

    why zandhu reality going down


  10. dipak Says:
    April 27th, 2010
    Posted at: 11:32 am

    Can anybody tell me ...why zandu realty is going down......pls reply .....and what will be its future.....


  11. SEL MCL Says:
    April 29th, 2010
    Posted at: 4:01 pm

    BUY SEL MCL IN PARTS..
    BUY 1ST PART @ 67
    2ND NEAR 42 IF FORTUNATELY IT COMES!!!
    HOLD & SEE THE MAGIC!!!
    TARGET===>SKY IS THE LIMIT!!


  12. Paresh shah Says:
    April 30th, 2010
    Posted at: 11:40 am

    hi
    can i buy SEL manufacturing at that time


  13. Gyanendra Singh Says:
    April 30th, 2010
    Posted at: 12:03 pm

    Sir,

    What is the target of Vishal information.
    My average price is 16


  14. das Says:
    May 1st, 2010
    Posted at: 1:04 am

    dear can enter nila infa at cmp


  15. paresh shah Says:
    May 3rd, 2010
    Posted at: 1:47 pm

    Hi cb
    Can i Buy Sel Manufacturing At that Time and Arvind chemicals 1000 shares @ 23 Hold ya sold pl gide me


  16. parth Says:
    May 18th, 2010
    Posted at: 11:11 am

    CB/Karthik,

    SELMCL result declared yesterday.

    can you evaluate the result please? and any revised target for SELMCL?

    Can you add another investment idea while we are holding this one?

    Thanks,
    Parth

Comment pages:67891011121314Show all

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