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Shares of Senko Gold, a company involved in the gold jewelery business, have rocketed even in a weak market. Shares of Senko Gold rose over 8 percent on the Bombay Stock Exchange (BSE) on Thursday to Rs. 509.25 was reached. Shares of Senko Gold have gained more than 18 percent since its listing in July this year. Market experts say that shares of Senko Gold will see a further rise.
In IPO Rs. A share of 317 was received
Senko Gold IPO Price Band Rs. 301-317 was. In the IPO, the shares of the company were sold at Rs.317. Shares of Senko Gold traded on the exchange on July 14 this year at a premium of 35 per cent to Rs. 431 were listed. Shares of Senko Gold touched a 52-week high of Rs. is 509.25. At the same time, the company’s shares hit a 52-week low of Rs 358.25.
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With a buy rating of Rs. Target of 630
Market experts believe that shares of Senko Gold are trading at a steep discount to competing companies and have good upside potential. Brokerage house MK Global Financial Services has given a buy rating to the shares of Senko Gold and has priced the company’s shares at Rs. A target of 630 has been given. That means Senko Gold shares could rise about 24% from Thursday’s high. Senko Gold has a market cap of around Rs. 3785 crores.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.