SEL Manufacturing Company

SEL to invest Rs 1,500 cr in expansion

Posted by : fmcgbites

good quality stock moves with market but satta stocks moves at satta operators will. those operators have dumped it and it seems you have picked plenty of it. sms campaign is over and now jokers are holding this stock this is cry baby stock.

fraud company

Posted by : megaposter

PLEASE GIVE ANY 1, I REPEAT ANY 1 PROOF THAT THE COMPANY IS FRAUD.
DEFINATELY, THE STOCK WAS OPERATOR DRIVEN, BUT AS YOU SAY THE COMPANY IS FRAUD, JUST GIVE 1 REASON FOR US TO BELIEVE THAT YIU ARE TRUE. COMPANY GIVING DIVIDEND IN ITS FIRST YEAR AND YOU SAY ITS FRAUD.

SEL to invest Rs 1,500 cr in expansion

Posted by : megaposter

Listen by fundamentally good company doesnt means that price of the stock will be outperforming the whole market for such a long time. from january, stock went up by 400%, whereas, frontline stocks like BHEL, Reliance, Relaince Energy,L&T, ICICI Bank, SBI, HDFC and whole lot of others fell by more than 40 % from thier peaks. this doesnt mena that these stcoks are not fundamentally good. but when market is going through bear phase, even good quality stcoks come down. still we havent seen the end of bear phase.more pain left in the market, and it will take around 6 months for market to make a bottom and then
1 year to consolidate. so in this time frame i dont expect stocks give good returns. and since sel has broken down, it will take a lot of time and consolidate at lower levels before breaking out.
THOUGH FRO NEXT WEEK, I FEEL IT CAN GO UPTO 338.SO ONE CAN PURCHASE THIS STOCK WITH THE STOP OF 230

fraud company

Posted by : Guest

exit as soon as possible price come to 50/-

SEL to invest Rs 1,500 cr in expansion

Posted by : Guest

Further to my query, I am really not satisfied with your reply.One thing is, how do you say that 400 rate will be in 1-1.5 years time frame,whereas it was 700 plus a few months back, THEN WHAT WAS THAT. If you say fundamentally good company then why should it not touch 500 plus or 700 in next 7-8 months when its 08-09 year ends and EPS of 45-50 is achieved, as per your comments.
MARKET ROSE QUITE A LOT ON TUESDAY AND THIS STOCK DID NOT BUDGE.MARKET FELL 3% ON FRIDAY AND THIS STOCK SLIPPED BY 8%. WHAT IS ALL THIS, CAN YOU EXPLAIN IT.

SEL to invest Rs 1,500 cr in expansion

Posted by : megaposter

the reason for such a sharp rise was that it was operator driven, though it is not like other stocks. other operator driven stocks go up and up, and when they fall, they never bounce back as thier fundamentals aren't good. but sel is fundamentally good company, with projected EPS of 45-50 for FY 09.at current price it is good investment, and for people who have got trapped at prices around 500-700, i would advise them to average out at current levels and keep it for 3-4 years. returns will be amazing as i expect an EPS of atleast 125 FY 13. with atleast PE ratio of 8, it can go upto 1000.
BUT REMEMBER I AM TALKING OF THE PRICE AFTER 4 YEARS, APPRECIATION OF 400% IN 4 YEARS. FOR INVESTORS IT'S VERY GOD. DON'T EXPECT ANY PRICE ABOVE 400 IN NEXT 1-1.5 YEARS.

khel manu

Posted by : alsokunju

i bought @ rs.700/ any one advice about what can i do about this stock??

khel manu

Posted by : alsokunju

i bought @ rs.700/ any one advice about what can i do about this stock??

cry baby stock

Posted by : megaposter

anyone investing in sel at price more than 500 must have seen the uprise of the stock in such a bad market. from 150 in january, it hit a high of 730 recently. so how can you say that it has made stockholders cry baby. infact they have earned a lot. even after such a downfall, it is still quoting at more than 60% premium to the price at january, while most of the stocks have shed more than 50% from january price. definately, anyone investing at 500 will loose for a time being, coz that was hyped price even though the company is good. you cant blame others if you chosse to purchase a stock that has gone up by more than 400% in 6 months and then came down sharply, and many getting trapped at higher prices, not bcoz they are investors, coz they were speculating. true investors wont have invested at such a high price. though at the current price i feel one can look for purchasing it for long term, NO SPECULATION.

cry baby stock

Posted by : fmcgbites

it has made its stock holders cry baby in last few weeks. more pain left

SEL to invest Rs 1,500 cr in expansion

Posted by : Guest

You are piniting such fine picture of the company, can you tell me the reason of this stock going from Rs.70/- to plus 750 in one year and then dipping to 270 on thursday. Also what do you predict about the fate of share holders who bought the comapany\\`s shares at 500 or plus rates. Will their loss be compensated.

SEL to invest Rs 1,500 cr in expansion

Posted by : growwelth

The company has put up a greenfield mega integrated textile project in 30 acres at Rahon near Nawanshahar (about 90 km from Chandigarh), which has to be commissioned on Thursday.
Chief Minister Parkash Singh Badal will lay the foundation stone of the first textile and apparels park of Punjab, promoted by the same group adjoining the mega integrated textile project in another 30 acres.
The textile industry of Punjab is likely to get a big push with the commissioning of the first textile and apparels park at Rahon near Nawashahar promoted by SEL Manufacturing Company Ltd. The cluster of textile and apparel outfits will house 20 players and mobilise an investment of about Rs 500 crore.
The central ministry of textile has given Rs 40 crore in the form of capital subsidy to the textile and apparel park project. A special purpose vehicle has been floated by SEL Manufacturing with independent directors from IL&FS for the park, which is likely to be commissioned in the next financial year. The project is estimated to near an investment of Rs 134 crore.
Talking to Business Standard the Managing Director, Neeraj Saluja said that greenfield mega integrated textile project of SEL Manufacturing Co Ltd is being undertaken at an investment of Rs 1350 crore (approx) and it would revolutionise the textile manufacturing industry.
The project will have a 20 Mw multi-fuel captive power plant that would be used at the two projects.
SEL had a turnover of Rs 400 crore in March 2008. The company recorded a turnover of Rs 200 crore in the first quarter in the current year and expects to register a turnover of Rs 800 crore in this financial year. About 50% of the revenue comes from export business mainly done at East Europe, West Asia and European countries.
Part of 40 year old, R S Saluja group, the Company is manufacturing & exporting knitted garments, fabrics & yarn.The Company is implementing a project for setting up one of the largest technical textiles facilities in India. The company would be manufacturing medical clothing, wipes, diapers and geotextiles which would be supporting the growing infrastructure requirements of India.
Further, the company is enhancing its product mix by inculcating value added products like designer Terry Towels integrated with open end spinning facilities.
Further, the company is setting up an integrated textile park, the first apparel park of Punjab, with a capacity to manufacture 54.00 million pieces per annum of knitted garments.
The park, which would have 10.00 lakh sqft covered area would be one stop solution for garment manufacture having facilities from knitting, printing, embroidery, washing, packing, labelling etc. The facility would generate employment for about 25,000 people and would be one of the largest garment manufacturing facility.
The company has already received approval from Ministry of Textiles for setting up the park. Apart from expansions, the company is also providing free accommodation, free medical facilities & free education to its workers. It has tie up with a multi-speciality hospital for the benefit of its workers. The workers are given free pick and drop facilities.
The company has well equipped in house training centres which impart training to unskilled workers in order to turn them into skilled labour force.
According to Neeraj Saluja, MD, “We aim to be among the top three integrated textile makers in India by two years.”
The company has laid down a path to increase the manufacturing capacities, diversifying into avenues in textiles, and continues to invest in design and product development. It also aims at developing and maintaining strong relationship with its clients and strategic partners.
According to Saluja, “the investments into technical textiles, captive power plant, Terry Towels and garment business will go long way for value creation for shareholders.”