Selan Exploration has target of Rs 350: Tulsian

Selan Exploration has target of Rs 350, says SP Tulsian of sptulsian.com

Tulsian told CNBC-TV18, "Selan Exploration is having 3 discovered oil blocks in which the oil production is already taking and 2 another blocks in the Gujarat belt, near Gujarat has been allotted to the company. The company is sitting on a cash of Rs 70 per share plus they had an EPS of Rs 20 for FY11 apart from that company has also declared 30% dividend for FY11 in the form of two interim." He further added, "If you take the overall call on the company looking to its valuation, a debt free company with marketcap of about Rs 500 crore on a net basis and a profit making oil exploration company is looking quite good from a longer term perspective but the day target has been given at Rs 350." Click HERE to know the rules and follow the score card