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Mint

Multibagger Stock: Senco Gold share price jumps over 300% from its IPO price in over 14 months. More steam left?

Multibagger Stock: Senco Gold share price surged 300% from its IPO price in a year, attracting investor interest. A report from Emkay Global indicates strong growth potential and a revised target price of ₹1,600, despite recent profit-taking and overbought momentum readings.

Mint

Jewellery stocks TBZ, Motisons Jewellers and 4 others soar up to 55% in September so far: What’s powering the rally?

Shares of Tribhovandas Bhimji Zaveri (TBZ) jumped 54% in September so far, while those of Motisons Jewellers, PC Jeweller, Senco Gold, Kalyan Jewellers, and Thangamayil Jewellery have jumped 47%, 36.35%, 18%, 16%, and 10% during the same period.

CNBC TV18

Titan sees strong demand in sub ₹1 lakh and above ₹5 lakh jewellery

Suvankar Sen, MD and CEO of Senco Gold, pointed out that while Q1 saw a slowdown in diamond jewellery sales due to factors like elections and heatwaves, the upcoming wedding and festive season has reignited consumer interest.

CNBC TV18

Explained — What is aiding the glitter in jewellery stocks like Kalyan, Senco and will it continue

HSBC recently came out with a positive note on Kalyan Jewellers, where it projected that the stock can rise up to levels past ₹800, and that it has only reached the halfway mark in its value creation journey.

The Economic Times

Kalyan Jewellers shares jump 4% to hit 52 week high on Citi's target upgrade

Kalyan Jewellers Share Price: Other jewellery stocks like Senco Gold and Goldiam International also hit their fresh 52 week highs of Rs 1,292.45 and Rs 374, respectively. The stocks were up by 4% and 6% in the same order.

CNBC TV18

Senco Gold CEO: Stock surges 160% in a year, solid growth seen in Q2 on gold duty cuts

Suvankar Sen, MD and CEO of Senco Gold highlighted significant growth in footfalls and sales following a reduction in gold duties, forecasting 15-18% growth in Q2. The company's stock has surged 160% over the past year. Senco Gold ended at ₹1,098, up ₹6.85, or 0.63%, on the NSE today (August 26).

Business Standard

Senco Gold Q1 results: Net profit up 85% at Rs 51 cr on higher revenue

Senco Gold Ltd reported a net profit of Rs 51.27 crore for the first quarter of the current fiscal (April-June 2024), marking an 85.4 per cent increase on the back of higher revenue. The Kolkata-based gold and diamond jewellery chain saw a 7.5 per cent year-on-year growth in consolidated revenue, reaching Rs 1,403.89 crore for the quarter ended June 30. The company's EBITDA surged by 61.8 per cent to Rs 108.74 crore during the quarter, the company informed bourses. The jewellery retailer expanded its footprint by opening six new showrooms, bringing its total count to 165, including one in Dubai. Retail sales grew 9.6 per cent year-on-year, while same-store sales growth stood at 4 per cent. Senco Gold MD and CEO Suvankar Sen said, To enhance domestic value addition in gold and precious metal jewellery, the government of India has reduced customs duties on gold and silver to 6 per cent, and on platinum to 6.4 per cent from the earlier 15 per cent." He said, "This reduction is expect

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of Cigniti Technologies, Kansai Nerolac Paints and Senco Gold

Business Standard

Shubham Polyspin Ltd leads losers in 'B' group

Senco Gold Ltd, Sakuma Exports Ltd, Goa Carbon Ltd and Gulf Oil Lubricants India Ltd are among the other losers in the BSE's 'B' group today, 09 July 2024.