senco gold

Jewellery stocks saw a sharp decline on Monday. Prime Minister Narendra Modi appealed to citizens to reduce gold purchases. This call aims to preserve foreign exchange reserves. Major jewellery companies experienced significant drops in their share prices. Investors reacted quickly to the potential demand impact. Indian equities opened lower amid global concerns.

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

Kolkata sees an uptick in gold sales; more takers for light jewellery

senco gold Ltd's initial public offering (IPO) has been subscribed 2.68 times on the second day. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer. The company has 140 showrooms across 13 Indian states, with a majority in West Bengal. It also sells its products online and exports them to Dubai, Malaysia and Singapore.

The journey for senco gold & Diamonds started more than 80 years ago, in Dhaka (formerly part of India), and later shifted to Kolkata after the partition. Today, Senco has 111 stores across India, selling handcrafted gold and diamond jewellery, platinum jewellery and lightweight and exclusive bridal jewellery. What makes Senco distinct from others is its strong roots in Kolkata, the hub of jewellery manufacturing, art and culture.

City-based senco gold, a pan-India jewellery retailer, has filed a draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO).

senco gold & Diamonds launched their largest handcrafted jewellery showroom in Lajpat Nagar recently, with jewellery displayed across four floors, covering an area of 9,000 sq ft.

The first chapter of Times She UnLTD Entrepreneur Awards, powered by senco gold & Diamonds, ended recently.

Jewellery retailer senco gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company's profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a regulatory filing on Tuesday.

senco gold Group recently held their star-studded annual award function, Swarna Samman, where they felicitate achievers in Bengal from the field of art, culture or sports.

Sourav Ganguly has been signed as the brand ambassador of senco gold and Diamonds, one of the largest jewellery brands in the country.

Looking radiant in ethnic wear, Sushmita Sen feasted her eyes on exclusive handcrafted jewellery at senco gold & Diamonds’ maiden store launch in the city.

Jewellery retailers are enticing customers with significant discounts on making charges and gold prices ahead of Akshaya Tritiya, despite soaring gold rates. Brands like Tanishq and senco gold are offering attractive deals, while experts highlight gold's safe-haven status amid global economic uncertainties.