Friday, October 16, 2015

SEL Manufacturing Company Ltd

Dear Mahesh, 

 I am looking your view about “SEL Manufacturing Company” for long term view. Regards, 
 Senthil Kumar Sella
1. SEL Manufacturing Company Ltd is a 10 rupee face value textile company which traded at 3.67
2. Year high of SEL Manufacturing Company Ltd is 5.34 and year low 2.70 so this ratio is below 2 as my rule, That's good. New readers please visit this link for more understanding my research terms
3. Stock of SEL manufacturing show huge bulk deals like
DealDateTypeQtyRateT/O (Cr.)
13/08/2015B25000004.521.13
13/08/2015S25000004.521.13
12/08/2015B25000004.591.15
12/08/2015S25000004.591.15
11/08/2015B24666454.211.04
So as per my book I dislike bulk deals because I think this is a sign of speculation activity and in 75%+ cases stock price is down after such bulk deals and same happened in this case you see that price of SEL manufacturing is fall after bulk deals.
4.SEL Manufacturing Company Ltd give dividend in 2008 and since last 7 year no dividend.
5. Promoters hold 15.78% stocks and they already pledged his 100% holdings so promoters holding is low and all of promoters stocks are pledged so you self assume that this type of promoters holding is very poor.
6. Net sale per share is 70.19 ( FY 14-15), NSPS is good but this is the not only criteria to pass a stock, Rei agro net sale per share is also good and I  published Rei agro recommendation on my penny share blog on basis of this net sale but when I see reducing promoters holding in Rei agro then I immediately warn my investor in this link
Avoid Rei Agro ( My wife hold 700 share of Rei agro)
6. So in my view I think you should avoid Sel manufacturing. See my 2011 review of this stock at this link
Click here to download last 3 year closing price with graph
Sel Manufacturing Company
7.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of SEL Manufacturing Company Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( SEL Manufacturing Company Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not not received any type of compensation from the subject company(SEL Manufacturing Company Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company( SEL Manufacturing Company Ltd). 6. I have been not engaged in market making activity for the subject company(SEL Manufacturing Company Ltd).
key words:- latest news of sel manufacturing company ltd

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