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TDUX
Oct 08 - 01:55 AM
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Gold - India's Senco Gold Gains Most In More Than 2 Months On Q2 Revenue Surge

By Anushka Rajvedi  —  Oct 08 - 12:15 AM

• Shares of Senco Gold rise 9.6% to 351.50 rupees

• Stock on highest intraday percentage gain since July 27

• Jewellery retailer's Q2 total revenue climbs nearly 31% Y/Y, supported by strong festive demand and increasing customer preference for lightweight jewellery, co says

• Expects strong demand in Q3FY27 from festive and wedding season driven by improving rural sentiment and consumer demand resilience

• Says Q2 gold prices were 28% higher from a year ago and volatile

• Antique Stock Broking expects sequential improvement in gross margin and EBITDA margin

• Stock rated "buy" on avg by six analysts, median PT 483.50 rupees - data compiled by LSEG

• Stock up about 6% YTD


(Reporting by Anushka Rajvedi in Bengaluru)

Source:
London Stock Exchange Group | Thomson Reuters
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