India's Senco Gold rises on higher Q2 jewellery retail unit growth

Senco Gold

09/10/2024 09:22

** Shares of jewellery retailer Senco Gold  SENC.NS  rise as
much as 4.5% to 1,420 rupees
    ** SENC on Tuesday said its Q2 jewellery retail business
grew 27% YoY
    ** Adds, on course for 18-20% YoY revenue growth for FY25
considering upcoming festive season
    ** Stock on track to snap four consecutive sessions of
losses, if trend holds
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Aug. 5    
    ** Avg rating of five analysts equivalent of "strong buy",
median PT is 1,400 rupees - LSEG data
    ** Stock last up 2.9%, bumping YTD gains to 100.8%

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