Senco Gold Share Price Today: Stock jumps 18% on strong Q4 business update

Led by heavy volumes, shares of Senco Gold soared almost 19 percent in Monday’s intra-day trade.

This was after the company reported 39 percent year-on-year growth in revenue during the quarter ending on March 31, 2024.

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During the financial year 2024-25 starting Q1FY25, the management remain extremely and visibly buoyant, given it is the auspicious new years, including Poila Baisakh, Ugadi and Baisakhi that are aligning with the auspicious day of Akshay Tritiya on May 10th and an impending marriage season.

As of 10:56 am, the shares were trading up 18.71% at ₹951.45 on NSE.

Despite the rise in gold prices, the company reported achieving a 13 percent volume growth in gold and a 19 percent volume growth in diamonds on a YoY basis for FY24.

Same Store Sales Growth (SSSG) during FY24 stood at 19 percent out of total retail sales growth and rose to 23 percent out of the total 30 percent retail sales growth during Q4, providing a significant impetus for growth, as stated by Senco Gold in their FY24 and Q4 business update.