Emkay Global Financial is bullish on Senco Gold has recommended buy rating on the stock with a target price of Rs 800 in its research report dated November 11, 2023.
The positive consumer sentiment is rubbing off on jewellery sector stocks, with counters like Kalyan Jewellers, TBZ, Senco and PC Jeweller jumping up to 16 percent over the past week.
Out of the 56 companies that went listed since Diwali 2022 after collectively raising Rs 47,890 crore from the primary market, the shares of 48 firms are trading above their issue price
Emkay Global Financial is bullish on Senco Gold has recommended buy rating on the stock with a target price of Rs 630 in its research report dated September 20, 2023.
The Kolkata-based jewellery retailer listed at a 35.96 percent premium on July 14 at Rs 431 apiece. As of 12 noon, it traded at Rs 410, down about 5 percent from the listing price.