SEL MANUFACTURING COMPANY LTD (SELMCL)

Hi Mahesh,
I got stuck with SEL Manufacturing around @ Rs.61/- (after averaging), iam holding 4500 Nos...... I am not understanding what to do.... shall i wait or sell it?.... from past one year i am holding, i need your valuable advice,

Regards,

Malek.
.
1. SEL manufacturing company is a Apparels & Accessories textile company
2. Face value of SEL manufacturing company is rs 10.
3. Promoter continue reduce there holding from 55.72 percent to 38.67 then 19.45 and now it is 15.83 % only so promoter continue dilute there stake and this is a very nagative fundamental for me so i can not advice to buy this stock at this time
4. EPS of SELMCL is 32.08 in FY 09-10 but this year last 2 quarter EPS is 6.88 so clear downtrend in EPS will making a fear to convert is loss making company.
5. book value of SEL manufacturing is 57.07
6. so i think downside is limited but you may avoid this stock where other good choice is availble in market and in your case i think if you sell this stock at CMP of 18 only then you have big loss you already see great loss of 43 rupee per share so i think in currant textile rally you may wait some time and try to book your loss step by step in every rally