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Senco Gold Surges 27% from 52-Week Low – Is It a Buy as Gold Prices Soar?

  • By admin
  • March 22, 2025
  • 26 Views

Senco Gold Stock on the Rise – Should You Invest?

Strong Recent Gains: Senco Gold’s share price has been climbing for four straight sessions, gaining 19% in a week and 27% from its 52-week low of ₹227.40.

Market Volatility & Earnings Pressure: Despite reasonable fundamentals, the stock faced selling pressure due to weak Q3FY25 results and a sharp rise in gold prices affecting jewellery demand.

Stock Outlook & Expert Opinion:

  • Analysts suggest ₹300 as a key resistance level—a breakout could push the stock toward ₹380.
  • The company’s Q3 net profit dropped 69.4% to ₹33.4 crore, while EBITDA fell 56% to ₹79.96 crore.

Caution for Investors:

  • Placed under ASM (Additional Surveillance Measure) due to recent price fluctuations.
  • Experts recommend monitoring upcoming quarterly results before making fresh investments.

📈 Will Senco Gold sustain its rally, or is this just a short-term bounce? Keep an eye on market trends!

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