Selan Exploration Technology Ltd advances on buy back news

Shares of Selan Exploration Technology Ltd rose as much as 8.2 percent to Rs 177.85 after the company announced that its board will consider buy back of equity shares and interim dividend.

The company announced this in a filing to the stock exchanges on December 22, 2018.

The stock has recently hit a 52 week low of Rs. 162.20 on December 10, 2018. The stock has been on a downward slide ever since the crude prices started falling globally.

Source : Equity Bulls

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