I missed your question somehow, apologies.
Selan is a turnaround situation with a new management in place since last year, who I believe are more capable and determined to turn it around. There is also a merger (reverse merger) on the cards. More details about it can be found on this blog by Pawan Kaul.
Disc: I have exited Selan in Aug after a drop in Revenue and EPS in AMJ quarter and in pursuit of greener pastures. This post is not a reco to buy/sell/hold any stock. DYOR
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