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Senco Gold share price tanks 32% in 2 days, hits 16-month low on weak Q3

Business Standard LogoBusiness Standard4d ago

Senco Gold share price tanks 32% in 2 days, hits 16-month low on weak Q3 - Business Standard

Quick Summary:

The stock of the jewellery company was trading 46 per cent below its qualified institutional placement (QIP) issue price of Rs 562.50 (adjusted to stock split).

The company's adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) margin contracted to 5.1 per cent in the December 2024 quarter (Q3FY25) from 11 per cent in Q3FY24.

Senco Gold share price hit a 16-month low of Rs 304.50 per share as it slipped 15 per cent on the BSE in Monday's intraday trade.

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-17 @ 14:35:11 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26218017

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 234 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Website Security: Secure (HTTPS)

Publisher ID: #49

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