Selan Explorations Technology sees 7.24% stock price increase, listed as Reliable Performer

Selan Explorations Technology, a smallcap company in the oil exploration and refineries industry, has recently seen a 7.24% increase in its stock price on November 18, 2024. This has led to a 'Hold' call by MarketsMOJO, a leading stock market analysis platform.

The stock has been a part of Momentumnow Stocks on MarketsMOJO since June 5, 2024 and has also been listed as a Reliable Performer since August 7, 2024. This indicates a consistent and positive performance by the company in the market.

In terms of price performance, Selan Explorations Technology has outperformed its sector by 6.58% on the day of the stock's rise. It has also shown consecutive gains for the last 2 days, with a 6.48% increase in returns during this period. The stock also touched an intraday high of Rs 883.45, showing a 5.89% increase.

While the stock's performance has been impressive, it is important to note that it is currently higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average, indicating a slight dip in recent days.

In comparison to the overall market performance, Selan Explorations Technology has outperformed the Sensex by 7.27% in the last 1 day and by 8.67% in the last 1 month. This showcases the company's strong performance and potential for growth in the industry.

Overall, Selan Explorations Technology has shown a positive and consistent performance in the market, making it a promising stock to watch out for in the oil exploration and refineries industry.