India's Senco Gold up on strong Q4 rev growth

Tribhovandas Bhimji Zaveri

15/04/2024 05:23

** Shares of Senco Gold  SENC.NS  rise as much as 11.6% to
894.70 rupees; last up 9.4%
    ** Jewellery retailer says revenue grew 39% Y/Y in Q4,
resulting in 28% growth in FY24
    ** 1 mln-plus shares traded, over 6x the 30-day avg and
busiest session since late Feb
    ** SENC lost 7.2% in March, worst month since listing in
July 2023
    ** Still, stock is up ~28% YTD, while larger rival
Tribhovandas Bhimji Zaveri  TBZL.NS  has dropped ~10%
    ** TBZL down about 4% on the day

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))