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Buy This Stock On The Next Day, It Crash 30%, Now It Will Touch ₹1123

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Senco Gold Ltd (NSE: SENCO): The market was booming with sales trading market. The market is scared due to geopolitical tension.

In the weak sentiment of the market, the shares of Senco Gold Ltd, a company related to the jewelry business, are showing tremendous growth. 

The stock has returned the stock a 30% return within 3 days. The price on the exchange is at a new 52-week high. 

The special thing is that till now the share price has increased 2.3 times from the listing price. The stock is also benefiting from a strong Q4 update. There are strong predictions regarding the stock going forward.

A Strong Rise In Shares Will Continue

Domestic brokerage firm has given a bullish rating for Senco Gold Ltd. Also, the target on the share has been increased from Rs 925 to Rs 1100. According to the brokerage firm, the SSSG growth of the company is better than its peers.

Despite the run-up in the stock, it is trading at cheaper valuations compared to its competitors.

Also, Studded Mix is estimated to have a 20% share in the income. Operating profit (EBITDA) is also estimated to grow at a CAGR of 23-27% in FY24-26.

Encouraged By Strong Performance In Q4

Senco Gold Ltd stock has seen a rise of 30% in 3 days. The share also reached a year high of Rs 1,065.65 on BSE while the issue price was Rs 317. 

The enthusiasm in shares is due to the Q4 business update. The company’s income in the March quarter has increased by 39% compared to the same period last year.

During this period, 4 showrooms have also been opened, due to which the total number of showrooms has increased to 159.

Senco Gold Ltd’s SSSG growth in Q4 was 23%. The company has also given a positive outlook for Q1FY25. Because the company will benefit from an increase in demand with the start of Ugadi, Baisakhi, Akshaya Tritiya, and wedding seasons.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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