Two Tests for India: The Rupee Under Pressure, and SEPC Ltd (₹4.95) at a Turning Point

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence Rupee Watch | Small-Cap Research Two Tests for India: The Rupee Under Pressure, and SEPC Ltd (₹4.95) at a Turning Point SEPC has cleared restrictions on about ₹154 crore of receivables, won a Jharkhand stay and signed a ₹854.57 crore SAIL-IISCO contract, yet trades at ₹4.95 against a ₹9.87 NAV-based valuation. The RBI, meanwhile, is reportedly weighing a ₹50 lakh remittance sub-limit alongside tax relief to attract inflows. India's markets are asking two very different questions. The first is macro: is pressure on the rupee pushing the RBI toward tighter limits on overseas remittances? The second is company-specific: can SEPC Ltd (₹4.95), trading at about half the ₹9.87 NAV-based valuation in its July report, close that gap? One concerns national economic policy. The other concerns corporate execution and shareholder value. Both deserve examination on their own merits, and both reward ...
India Today Business Wizards Award for SEL Manufacturing chief
Mr. Neeraj Saluja, Managing Director, SEL Manufacturing Company Ltd. has been conferred the India Today Business Wizards North Award.

The Award was presented by the Chief Minister of Punjab, Sardar Parkash Singh Badal, on March 29 at a function organized in Chandigarh by India Today.

The Chief Minister gave away India Today Business Wizards North Awards to several entrepreneurs of Punjab. He also released a book celebrating their success titled ‘Business Wizards North’ and stated that the industrialists and the State Government should work together to improve the key sectors, including education and healthcare.

The Award for Mr. Neeraj Saluja is in recognition of his dynamic entrepreneurial qualities. He is known for his business acumen, determination and perfectionism. His passion for excellence has sculpted a special position for the SEL Group and it has emerged as a leading integrated textile conglomerate having presence across the entire textile value chain.

Mr. Saluja says that in his achievements he is driven more by his vision of building a sustainable, growth-oriented and socially responsible corporate through strong and effective systems, committed teams and satisfied stakeholders.

Courtesy: The Textile Magazine

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