Senco Gold Stock Price: Jewelery sector company Senco Gold shares declined a major decline in second consecutive business session on 17 February. The price on BSE fell to 15 percent from the previous closed price to Rs 304.50. The share IPO price is trading below Rs 317. Earlier on Friday, February 14, the stock of Senco Gold was broken by 20% and a lower circuit was installed at Rs 357.60. The main reason for the stock fall in the stock is financial results of the October-December 2024 quarter.
The company’s net profit fell by 69.4 percent to Rs 33.4 crore on a year-on-year basis. It was Rs 109.3 crore a year ago. Ebitda fell 56 percent to Rs 79.96 crore on a year-on-year basis, which was Rs 181.1 crore in the December 2023 quarter. However, revenue from the operations increased by 27.3 percent to Rs 2,102.5 crore on an annual basis, which was Rs 1,652.2 crore a year ago.
40 percent broken Senco Gold in 2 weeks
The shares of Senco Gold were listed on BSE, NSE on 14 July 2023. The closing price on BSE on Listing Day was Rs 202.48. The company’s IPO was filled 77.25 times. The market cap of Senco Gold has been reduced to Rs 5,100 crore due to strong selling. The stock on BSE has come down by about 40 percent in the last 2 weeks.
The lower circuit for the stock is now at Rs 286.10 and the upper circuit is at Rs 429.10. The circuit limit is 20 percent. By the end of December 2024, the promoters had 64.11 percent stake in Senco Gold. The face value of the stock is Rs 5.
FY25 expected 18-20% revenue growth
In FY 2024-25, Senco Gold is expected to grow 18-20% with an Ebitda margin of 7%. Ebitda margin guidance for FY 2026 is 7-8%. According to the company, the third quarter of Steaded jewelery saw a weak demand, but in the fourth quarter i.e. January-March it shows signs of improvement.