On Monday, the shares of Senco Gold saw heavy fluctuations. During trading, the stock rose by 2% to an intra-day high of ₹ 329.25, but later closed at an intra-day of ₹ 312.30, falling 4% due to profit booking.
Brokerage firm’s opinion: potential boom up to 90%
Global brokerage firm Mk Global has retained the ‘purchase’ rating on the stock despite the third quarter weakened results and fixed a target price of ₹ 600. This indicates a possible boom of up to 92% from today’s Intra-Day low price.
- In October 2024, the stock fell from ₹ 772 all-time high to the stock in February 2025 to ₹ 304.
- The jewelery sector is facing challenges due to a huge increase in gold prices.
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Company performance in Q3Fy25
- Pure Benefits (PAT): 69.3% decline, ₹ 109.32 crore → ₹ 33.48 crore
- Adjusted PAT: 50.9% decline, ₹ 109.32 crore → ₹ 53.74 crore
- Operating Revenue: 27.3% increase, ₹ 1,652.20 crore → ₹ 2,102.55 crore
- Ebitda: 55.8% declines, ₹ 181.1 crore → ₹ 79.96 crore
Should investors shop?
Despite the weak quarterly results, the brokerage firms are looking at the long period of long term in this stock. If the shares perform according to the target price, investors may get significant returns.
