Sunday, November 13, 2011

SELAN EXPLORATION TECHNOLOGY LTD


Dear mashesh JI,
This s surya ur regular blog reader.I just wanted to know if commodities prices like crude oil prices gets decreasing will it affects the growth prospects of company like selon exploration???Pls suggest ur views sir!
1.SELAN EXPLORATION TECHNOLOGY LTD is a 10 rupee face value stock.
2. SELAN EXPLORATION TECHNOLOGY LTD is recently give dividend so my view is negative for this stock, as you knew my formula is " after recent bonus and stock spilt one stock may under perform the market for coming 2-3 years.
3. SELAN EXPLORATION TECHNOLOGY LTD 52 week high is 432 and 52 week low 264.15
4. promoters holding in SELAN EXPLORATION TECHNOLOGY LTD is 42.02 % and book value of SELAN EXPLORATION TECHNOLOGY LTD is 99.84 only.
5.i think increasing commodity price may not effect exploration companies but my view is negative for this stock due to recent bonus activity and low book value.
6. i have no any stock of SELAN EXPLORATION TECHNOLOGY LTD.

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