India's Senco Gold gains most in more than 2 months on Q2 revenue surge
BUZZ-India's Senco Gold gains most in more than 2 months on Q2 revenue surge
** Shares of Senco Gold SENC.NS 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)
((mailto: anushka.rajvedi@thomsonreuters.com))
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