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Senco gold shares rise 10 %, hit record high : two triggers behind the rally. the company’s shares rose 10 % to hit a record high, driven by two triggers

The stock is currently trading at Rs 1429.45. ## The Rise of Senco Gold

The Rise of Senco Gold

Senco Gold, a leading Indian gold retailer, has been making headlines with its impressive stock performance. The company’s shares have been on a rollercoaster ride, with a significant surge in value over the past few days. In this article, we will delve into the factors that have contributed to Senco Gold’s remarkable growth and explore the reasons behind its recent stock price hike. ### Key Factors Contributing to Senco Gold’s Growth

Key Factors Contributing to Senco Gold’s Growth

  • Strong Demand for Gold: The Indian gold market has been experiencing a surge in demand, driven by various factors such as the upcoming festival season, economic growth, and the increasing popularity of gold as a safe-haven asset. Improved Operational Efficiency: Senco Gold has been focusing on improving its operational efficiency, which has led to cost savings and increased profitability. Strategic Expansion: The company has been expanding its presence in the market through strategic partnerships and acquisitions, which has helped to increase its market share and revenue. ## The Recent Stock Price Hike
  • The Recent Stock Price Hike

    Senco Gold’s stock price has been on a significant upward trend, with a 9.93% surge in value over the past few days. The stock reached a record high of Rs 1544 against the previous close of Rs 1404.45 on BSE.

    October 26, 2023, announced that the company will be delisting from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) from October 31, 2023. ## The Delisting Process

    The Delisting Process

    The delisting process involves several steps, which are outlined below:

  • The company must file a delisting petition with the BSE and the NSE, stating the reasons for the delisting. The BSE and the NSE must review the petition and verify the information provided by the company.

    Share splits make company shares more attractive to individual investors.

    The record date is the date on which the shareholders will be required to be present in the records of the company to be eligible to receive the new shares. The record date is usually 15 days prior to the date of the meeting of the shareholders where the share split will be approved. ## The Share Split: A Key Aspect of Corporate Governance

    The Share Split: A Key Aspect of Corporate Governance

    Understanding the Purpose of a Share Split

    A share split, also known as a stock split, is a corporate action that involves dividing the existing shares of a company into a larger number of shares. This process allows the company to increase the number of outstanding shares, which in turn can lead to a decrease in the par value of each share.

    Senco Gold Limited was founded in 1992 by Mr. Subrata Roy, a renowned businessman and entrepreneur. The company’s headquarters is located in Kolkata, West Bengal, India. ## History of Senco Gold Limited

    History of Senco Gold Limited

    Senco Gold Limited has a rich history that spans over three decades. The company was founded in 1992 by Mr. Subrata Roy, who had a vision to provide high-quality gold and diamond jewelry to the Indian market. In its early years, Senco Gold Limited focused on building a strong brand presence and expanding its distribution network across the country. * Key milestones in Senco Gold Limited’s history include: + 1992: Founded by Mr. Subrata Roy + 1995: Established its first store in Kolkata + 2000: Expanded its operations to other cities in India + 2005: Introduced its online platform for customers to purchase gold and diamond jewelry

    Business Model

    Senco Gold Limited operates on a multi-channel business model, which includes:

  • Physical stores: The company has a strong presence of physical stores across India, where customers can purchase gold and diamond jewelry. Online platform: Senco Gold Limited has an online platform that allows customers to purchase gold and diamond jewelry from the comfort of their homes.
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