Selan Exploration Technology is currently buying and selling at Rs. 193.15, up through 1.00 points or 0.Fifty two% from its previous closing of Rs. 192.15 at the BSE.

The scrip opened at Rs. 193.70 and has touched a high and occasional of Rs. 194.80 and Rs. 189.35 respectively. So a long way 31531 stocks had been traded on the counter.

The BSE institution ‘B’ stock of face cost Rs. 10 has touched a fifty two week high of Rs. 277.50 on 10-May-2018 and a 52 week low of Rs. 162.20 on 10-Dec-2018.

Last one week excessive and occasional of the scrip stood at Rs. 2 hundred.75 and Rs. One hundred seventy.05 respectively. The present day marketplace cap of the organization is Rs. 314.14 crore.

The promoters protecting within the business enterprise stood at 27.89%, while Institutions and Non-Institutions held four.15% and 67.Ninety six% respectively.

Selan Exploration Technology has obtained its board acclaim for buyback of fairness shares at a charge no longer exceeding Rs three hundred per share. The business enterprise will combination an amount of Rs 25 crore from the open marketplace via stock trade mechanism.

The primary goal of share buyback programme is to arrest the autumn in the value of a stock via reducing the supply of the stock, which basically pushes up the share price thru a better P/E a couple of.

The board of directors of the organization has also declared an intervening time dividend of 50% (i.E. Rs. Five per fairness share) for the financial 12 months 2018-19. The report date for the cause of the intervening time dividend has been fixed as January 5, 2018.