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Business Line

Senco Gold plans ₹500 cr QIP, 1:2 share split

QIP to be launched by the end of the current financial year

CNBC TV18

Senco Gold expects gold prices to rise closer to $2,750 by the end of this year

Suvankar Sen, MD & CEO of Senco Gold and Diamonds, observed that while price increases may dampen the volume of gold purchases, demand remains steady for events like weddings and festivals, where buying is considered essential.

The Economic Times

Jewellers' monthly instalment schemes sustain gold demand amid weak market

Monthly instalment schemes by jewellers are sustaining gold demand despite high prices. Tanishq, Reliance Jewels, and Senco Gold have seen significant growth in deposits. These schemes, crucial for retailers, drive sales by offering attractive discounts and fixing gold rates. The World Gold Council predicts increased gold consumption in 2024.

Business Standard

Senco Gold glitters, hits new high after ICICI Pru buys stake

Oman India Joint Investment Fund II offloaded over 0.5 million shares, while ICICI Pru bought over 0.4 million shares in the company

CNBC TV18

Marketbuzz Podcast with Kanishka Sarkar: Nifty 50 at the cusp of 26,000, Reliance Power, Senco in focus

Marketbuzz Podcast: The Nifty 50 is now only 70 points away from the mark of 26,000. This morning, GIFTNifty was trading with a premium of more than 80 points from Nifty Futures' Monday close, indicating a gap-up start for the Indian market. Tune in to know cues ahead of today's trading session

Mint

Senco Gold vs Kalyan Jewellers: Which jewellery stock should you pick for long term?

As jewellery stocks shine, Senco Gold and Kalyan Jewellers are strong long-term contenders. Kalyan excels in quality and sentiment, while Senco offers better value. With both presenting unique growth opportunities, investors must decide which stock aligns best with their long-term goals.

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.