The company made this announcement during the trading hours today, 26 November 2007.

On BSE 150 shares were traded in the counter. The scrip had an average daily volume of 6.46 lakh shares in the past one quarter.

The stock hit a high of Rs 99.10 and a low of Rs 95.50 so far during the day. The stock had a 52-week high of Rs 247.50 on 27 August 2007 and a 52-week low of Rs 76.55 on 22 October 2007.

SEL Manufacturing Company (SMCL) had outperformed the market over the past one month till 23 November 2007, gaining 15.98% compared to the Sensexs return of 0.44%. It had underperformed the market in the past one quarter, declining 55.23% compared to Sensexs rise of 30.70%.

The companys current equity is Rs 15.22 crore. Face value per share is Rs 10.

The current price of Rs 99.10 discounts Q2 September 2007 annualized EPS of Rs 27.33 by a PE multiple of 3.63.

Kudu Industries has fabric dyeing capacity of 4500 tonnes per annum (TPA) and yarn dyeing capacity of 3000 TPA. The hike in stake in the partnership firm will help SEL Manufacturing in value addition through manufacturing of dyed yarn & printing of fabric & readymade garments.

In August 2007, SEL Manufacturing bagged an export order worth Rs 73.80 crore.

SMCLs net profit rose 32% to Rs 10.40 crore on 59.2% growth in net sales to Rs 74.22 crore in Q2 September 2007 over Q2 September 2006.

SEL Manufacturing Company manufactures and exports knitted garments, fabrics and combed and carded yarn.

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