India’s Senco Gold soars to record after strong Q3 revenue growth

BUZZ-India’s Senco Gold soars to record after strong Q3 revenue growth

** Shares of Senco Gold Ltd SENC.NS rise 15.6% to record 850 rupees

** Jewellery retailer’s Q3 rev grew 24% to an all-time high; gold vols up 9%, diamond vols up 27%

** Stock last up 10.4%, trading higher for third straight session

** Around 680,000 shares traded vs 30-day avg of ~357,000 shares

** SENC’s 62% rise in 2023 – which is also when it listed – in line with larger rival Tribhovandas Bhimji Zaveri TBZL.NS, better than Titan’s TITN.NS 42%, but trails Kalyan Jewellers’ KALN.NS 180% rise

Reporting by Nandan Mandayam in Bengaluru



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