Senco Gold
Senco Gold jumps 11% on business update; jewellery stocks advance
Mumbai/IBNS: Shares of Senco Gold Ltd. surged nearly 11 percent on Monday after the company announced a business update, according to media reports.
The rally also lifted shares of its peers, including Kalyan Jewellers and Titan Company Limited.
Despite the sharp gain, Senco Gold’s stock remains about 21 percent below its recent 52-week high, CNBC TV 18 reported.
Upcoming plans of Senco Gold
The company is targeting an EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) margin in the range of 7.5–7.8 percent for the next financial year.
In the current financial year, Senco Gold reported a revenue growth of 35 percent.
The company also plans to expand its retail footprint by launching 20–25 new stores in FY2027.
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