Senco Gold’s shares surged by nearly 8%, reaching a record high of ₹1,542.95. This rally was driven by speculation regarding an upcoming board meeting set for October 4, 2024, where the company will discuss potential fundraising and a stock split.
Source:- news 18
Investors are optimistic as the board plans to consider raising capital through various methods, including preferential issues or private placements. Additionally, the company is looking to approve a stock split, subject to shareholder and regulatory approval.
Source:- -bbc news
Since its IPO in June 2023, Senco Gold has seen its stock price multiply nearly fourfold, a significant rise from its issue price of ₹317 per share. This remarkable performance, coupled with strong market positioning in the jewelry sector, has led to heightened investor interest. Analysts believe the company has strong growth potential, driven by better brand accessibility and expansion plans beyond its core eastern market
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