Shares of Selan Exploration Technology were stuck in the upper circuit on Thursday after the oil exploration firm reported a stellar set of earnings in the June 2024 quarter. Selan Exploration stock surged 20% to Rs 916.80, its record high against the previous close of Rs 764 on BSE. Market cap of Selan Exploration climbed to Rs 1393.54 crore.

Selan Exploration shares surge 20% post stellar Q1 earnings, check details

Clarios ARBL Holding LP likely to sell stake in Amara Raja Batteries; Reliance Industries demerger of financial services; Selan Exploration Technology re-commencing gas sales; Ircon International orders worth Rs 144 cr; Sheela Foam to acquire 94.66% stake in Kurlon Enterprises; Gaming companies’ sto…

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BRIEF-Selan Exploration Technology Ltd - Declared Interim Dividend Of 5 Rupees Per Share

Selan Exploration Technology rallied 12 percent in last one month.

Selan Exploration jumps 4% on 10-year extension for Lohar field contract

The board of Selan Exploration Technology will meet on Thursday to consider: Interim dividend for the financial year 2018-19, and buyback of equity shares. The issue size and the price at which the sh

Selan Exploration: Buyback meet eyed

Revenue rose 15.5 percent at Rs 26.9 crore against Rs 23.3 crore.

Selan Exploration Technology rises 9% on robust June quarter numbers

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Selan Exploration Technology Limited is engaged in the business of exploration and production of oil and natural gas.