Senco Gold shines on getting nod to incorporate wholly owned subsidiary
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Senco Gold is currently trading at Rs. 1237.00, up by 47.50 points or 3.99% from its previous closing of Rs. 1189.50 on the BSE.
The scrip opened at Rs. 1180.05 and has touched a high and low of Rs. 1252.10 and Rs. 1167.65 respectively. So far 21623 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,252.10 on 09-Sep-2024 and a 52 week low of Rs. 380.25 on 12-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1252.10 and Rs. 1088.20 respectively. The current market cap of the company is Rs. 9650.41 crore.
The promoters holding in the company stood at 68.45%, while Institutions and Non-Institutions held 18.19% and 13.36% respectively.
Senco Gold has received approval from Ministry of Corporate Affairs for incorporation of wholly owned subsidiary of the company in the name of ‘Sennes Fashion’ on September 7, 2024. The Ministry of Corporate Affairs has issued a Certificate of Incorporation for the same. The object is to diversify and expand the current business operations.
Senco Gold is a pan-India jewelry retailer. The products are sold under its brand name ‘Senco Gold & Diamonds’. It primarily sells gold and diamond jewelry along with jewelry made of silver, platinum, precious and semi-precious stones, and other metals. It also offers costume jewelry, gold, and silver coins, and utensils made of silver.
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