India's Senco Gold jumps on fund raise, share split approval

Senco Gold

07/10/2024 07:29

** Shares of Senco Gold  SENC.NS  rise as much as 10.7% to
1,544 rupees, matching its record high level set on Oct. 1
    ** The jewellery retailer on Friday approved raising 5 bln
rupees (~$60 mln) via shares and/or convertible securities
    ** Co also approved share split in ratio 1:2
    ** More than 1 mln shares change hands, 2.2x of 30-day avg
    ** Avg rating of five analysts is equivalent of "strong
buy", median PT is 1,400 rupees - LSEG data
    ** Since listing in July 2023, the stock has risen ~229%
 
 ($1 = 83.9600 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))