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Senco Gold share price jumps over 15%, hits record high of Rs 850

Shares of Senco Gold spiked up 15.58% to hit a fresh lifetime high of ₹850 apiece in early trade on Thursday. This positive response from investors follows the release of the company's Q3FY24 business update on Wednesday after market hours.

Senco Gold achieved its highest-ever Q3 revenue, driven by key offers and increased footfall. The company saw a 24% YoY growth in Q3 revenue and a 26% YoY growth in the first nine months of FY24. It also achieved a 40% increase in footfall and a 6% rise in invoices.

The company marked its highest-ever Q3 revenue, experiencing a consistent trend across various geographies and channels. In Q3 FY24, the company achieved a revenue growth of 24% compared to the same period in the previous financial year and 26% YoY growth in the first nine months of FY24.

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