Selan exploration sizzles up by nearly 10% even as reports emerge that ace investor Porinju Raju also known for his prowess of identifying ‘deep value’ in stocks across large-cap, mid-cap and small-cap universe, has taken exposure in the counter.
The stock now trading at Rs 195 per share is up by Rs 15.35 per share on intraday basis. Over one year period, the stock is up by nearly 18%. Selan Exploration Technology Limited (SELAN) is a private sector listed company engaged in oil exploration.
Selan has significant oil and gas assets in its control which require developmental work and for the purposes it requires substantial amounts of Capital investment to augment its development and growth objectives.