Skip to main content

SELMCL - Sel Manufacturing

Many retail investors are stuck in SEL Manufacturing( SELMCL ) stock at higher levels. What went wrong with that stock? The Russia-Georgia war that started earlier this month has dragged down the share price of SEL Manufacturing along with it. The company’s 80% of the revenue comes from Russia and top 5 clients are from that country.The company’s share price which had witnessed a high of Rs 757 on August 5, has fallen about 60% to Rs 287 this Monday.
According to the buzz, it went down after a big HNI who holds an over 5% stake in the company started selling his holdings on concerns of fears of escalation in war. Company official said the company is not affected by the ongoing developments in any way. So far thousands of people have lost their lives in the war and thousands of investors have lost their money in this stock.Fearing that the war may go out of control and the company may lose its major business,informed investors have trimmed their exposure to this stock. The stock closed at Rs 287, almost flat from the previous close.

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Fund AUM Surge 35%

 Mutual fund assets surge 35% in fiscal 2024 to a new high. According to recent report from AMFI, fiscal 2024 turned out to be one of the best years for the domestic mutual funds industry as assets under management (AUM) spurted by nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023. Women comprised ~23% of the investors based on their share of the AUM and men ~77%, while individual investors comprised ~60% as against institutional investors ~40%. Equity-oriented fund categories gain on inflows and mark-to-market (MTM) gains. As Nifty 50 gained 33%, most of the AUM increase are from MTM gains. Passive funds growth was muted around 27% as compared to Active funds. Another key take away is investors' adoption of systematic investment plans (SIPs).   SIP continues to rise with monthly net inflows at Rs 19,300 crore in March 2024. For fiscal year 2024, the net inflows through SIPs stood at nearly Rs 2 lakh cro...