SEL Manufacturing secures prestigious export order for $18 million

SEL Manufacturing Company Ltd has announced that the Company has received an Export Order for exporting readymade garments to the extent of 18 million USD (Appx. Rs 73.80 Crores). The order is to be executed in three stages upto January, 2008 commencing from September 2007. The above said order is in addition to the regular business transactions of the Company and will bring greater strength to the Company. The order strengthens the customer's confidence in the Company's progress in textile sector.

The Stock closed the day at Rs.218.90, up by Rs.33.25 or 17.91%. The stock hit an intraday high of Rs.222 and low of Rs.175. The total traded quantity was 10291646 compared to 2 week average of 14545267.

Source : Equity Bulls

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