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

Tribhovandas Bhimji Zaveri

11/01/2024 04:13

** 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)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))