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New Delhi: SBI Securities has backed Senco Gold shares to rise nearly 20 per cent in the next 12-18 months. The brokerage gave a Buy rating on Senco stock after the gold and diamond jewellery brand started FY26 on a strong note.
While advising the investors to pump in money to buy Senco shares, SBI Securities provided a target price of Rs 431 with a Buy rating at a CMP of around Rs 361. This indicates that the counter has a potential to rise by 19.4 per cent in 12-18 months.
On August 18, Senko Gold shares were trading with 5 per cent gains at Rs 380 apiece. The stock has jumped more than 15 per cent in the last five days.
In September 2024, the promoters held a 67.5 per cent stake in the company, which declined to 64.1 per cent in December 2024. Later, It increased to 64.3 per cent in March 2025 and 64.4 per cent in June 2025.
The foreign institutional investors (FIIs) held 8.6% stake in September 2024, which increased to 8.9% in December 2024. However, as of March 2025, the FIIs trimmed their holding and their stake dropped to 7.2% and 6.8% in June 2025.
The share of domestic institutional investors stood at 9.6% in September 2024, which increased to 13.3% in December 2024. In March 2025, it was 12.6% and 12.8% in June 2025. That is, domestic institutions have faith in this stock and the share seems to be stable.
In its Q1 FY26 Results, Senco Gold Ltd’s consolidated net profit more than doubled to Rs 104.6 crore as compared to Rs 51.3 crore in the same period a year ago.
The jewellery manufacturer’s revenue from operations increased 30 per cent to Rs 1,826.2 crore from Rs 1,403.8 crore. The same-store sales growth was recorded at 19.6 per cent, while the non-East markets contributed 17.5 per cent of retail turnover.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)
