The shares of this gold and diamond jewellery seller jumped up to 3 percent in the day’s trade after the board of the company fixed the record date for the stock split in the ratio of 1:2.
Price Action
With a market capitalization of Rs 8,537.72 crores, the shares of Senco Gold Ltd were trading at Rs 1,074.75 per share, increasing nearly 3 percent as compared to the previous closing price of Rs 1.044.40 apiece.
What Happened
The Board of Directors, in their meeting held on 15th January 2025, has fixed the Record Date for the purpose of sub-division/split of equity shares of the company.
This follows the approval of the Shareholders through Postal Ballot on 26th November 2024. As per the decision, 1 equity share of face value Rs 10 (fully paid-up) will be sub-divided/split into 2 equity shares of face value Rs 5 each (fully paid-up).
The Record Date for determining the eligibility of members for this sub-division/split is fixed as 31st January 2025 (Friday).
About the Company
Senco Gold Ltd is engaged in the business of selling gold, silver, platinum and diamond jewellery. They offer wedding jewellery, festival jewellery, daily wear jewellery, men’s jewellery, kid’s jewellery and jewellery for personal occasions. The company offers a wide variety of products, including necklaces, bangles, rings, earrings, pendants, bracelets, mangtika, mangalsutra and chains.
Financials
The company’s operating revenue grew by around 30 percent from Rs 1,157.59 crores to Rs 1,515.4 crores during Q2FY24-25. This was accompanied by a rise in profits from Rs 11.95 crores to Rs 12.12 crores during the same period.
Written by Shwetha Sairam
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