Senco Gold

Senco Gold share price tanks 32% in 2 days, hits 16-month low on weak Q3

Senco Gold share has declined 61 per cent from its 52-week high level of Rs 772, which it hit on October 7, 2024

Senco Gold shares decline 6% after posting Q3 update; check details here

In its Q3 update, the company said that after months of gains and record highs, gold's upward trajectory has slowed since early November

Senco Gold raises Rs 459 crore via QIP, allots 4.08 mn equity shares

Kolkata-based jewellery retail chain Senco Gold Limited said it raised Rs 459 crore through a Qualified Institutions Placement (QIP) by allotting 40.8 lakh equity shares. The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115, Senco Gold said in a regulatory filing on Friday evening. Post the QIP, the company's paid-up equity share capital has increased to Rs 81.80 crore, comprising 8.18 crore shares, from Rs 77.72 crore (7.77 crore shares), the company added. Among the major allottees, four funds under Tata AIA Life Insurance Co. grabbed 14.49 per cent of the issue size. On a standalone basis, Tata Multicap Fund received the largest portion with 8.77 per cent of the issue size, followed by Tata AIA Life Insurance Co. Ltd's Emerging Opportunities Fund (6.40 per cent) and ICICI Prudential Life Insurance Co. Ltd (6.54 per cent). Other significant investors ...

Senco gold shines with Rs 1,000 cr festive sales despite record high prices

Senco Gold dazzles with over Rs 1,000 crore in October sales, defying record-high gold prices with strong rural demand and festive cheer

Multibagger stock Senco Gold shines after releasing Q2FY25 update

Senco Gold's retail growth for Q2FY25 was up 27 per cent Y-o-Y as per filing

This jewellery share hits record high as board okays stock split, fundraise

Senco Gold shares rose today after its board, on Friday, approved a fundraising plan via QIP worth Rs 500 crore

This stock has zoomed 387% over issue price; plans fundraising, stock split

Senco Gold share: Currently, the stock of the gems and jewellery company is trading 387 per cent higher than the Senco Gold IPO issue price

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

Senco Gold jumps 5%, hits new high on healthy outlook; zooms 212% in 1 year

The industry tailwinds are expected to benefit the organised jewellery retailers like Senco over the medium term, supported by its expanding retail presence.

How to trade Titan, other jewellery stocks amid rising Gold prices?

Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.

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

Senco Gold shares climb over 9% on healthy Q1FY25 results, growth outlook

Shares of Senco Gold have yielded a return of 55.39 per cent year-to-date, according to BSE analytics

Stocks to watch, July 9: Dixon Tech, Swan Energy, Bajaj Finserv, Senco Gold

Stocks to watch on July 9: Three Blackrock affiliates acquired a stake worth Rs 304 crore in Swan Energy through open market transactions on Monday

Bet on these stocks to mint money on your friend's big fat Indian wedding

An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation), according to the Jefferies note, which is in sharp contrast to countries such as the United States

Motilal Oswal initiates coverage on Kalyan Jewellers, Senco; details here

Overall, the jewelley sector has seen an approximately 8 per cent revenue CAGR during FY19-24, reaching Rs 6,40,000 crore in market value, with the organised segment growing at 18-19 per cent

Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25

Leading jewellery chain Senco Gold Ltd is looking at 15-20 per cent growth in revenue and profit in the current fiscal, despite rising prices of the yellow metal and global uncertainties. The jeweller is also planning to add 15-20 stores in the current 2024-25 financial year (FY'25), of which around 50 per cent will be franchisee-owned. "We are looking at a growth of 15 per cent as a conservative estimate, which may go up to 20 per cent in normal circumstances, in both revenue and profit in FY'25," Senco Gold MD & CEO Suvankar Sen told PTI. The jewellery chain reported a 39 per cent year-on-year revenue growth in the fourth quarter of FY'24 (2023-24) to Rs 1,137 crore, while its profit jumped 23 per cent to Rs 32.17 crore. For the entire fiscal year, the revenue growth was 29 per cent with turnover reaching Rs 5,241 crore, backed by rising gold prices and increased demand from existing and new stores. The net profit expanded by 14 per cent to Rs 181 crore. In 2023-24, the retail .

Senco Gold extends rally, up 33% in 2 days; Emkay sees 15.6% upside

Senco Gold shares have rallied 32.85 per cent in the previous two trading sessions

Senco Gold rallies 20% as Q4 biz update paints healthy demand outlook

Despite rising gold prices, on a YoY basis the company said it achieved 13 per cent volume growth in Gold and 19 per cent volume growth in diamond in FY24.

Senco Gold Q3 results: Profit after tax increases 6% at Rs 109.32 crore

Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company's profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory filing on Tuesday. The company's revenue from operations grew by 23.3 per cent during the quarter under review at Rs 1,652.20 crore, compared to Rs 1,339.63 crore in the same period of the previous year. "Our consistent performance demonstrates our robust execution capability, operational prudence and financial rigour. We achieved the highest-ever third quarter revenue of Rs 1,652 crore recording quarter-on-quarter (QOQ) growth of 43 per cent and year-on-year (YoY) growth of 23 per cent... "The new showroom launches of 18 so far have also led to investment in working capital out of our internal accruals, IPO funds and incremental borrowing. We thus remain dedicated t

Jewellers come up with new collections ahead of Ram temple consecration

Several jewellery retailers have joined the bandwagon of the Ram Temple consecration, unveiling new collections with temple-style motifs and imagery of Lord Ram. Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said. "The atmosphere of devotion to Lord Ram is palpable everywhere in anticipation of the Ram Mandir inauguration, said Suvankar Sen, MD & CEO of Senco Gold & Diamonds. The designs capture the grandeur of the Ram Mandir, commemorating the legendary moment of Lord Ram and Sita's coronation, he said. The new collection captures the essence of exemplary leadership, companionship and devotion, and highlights delicate craftsmanship, Sen said. Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers, said the 'Nimah' collection is a celebration of our rich heritage, cleverly reimagined through contemporary design and adorned with precious stones. The design is ...