Senco Gold share price zooms 27% from 52-week low. Should you buy amid soaring gold prices?
Senco Gold’s share price has been on an uptrend for the last four straight sessions. The jewellery stock has touched the upper circuit since Tuesday last week, delivering around a 19% weekly gain. Senco Gold share price ended at ₹288.85 apiece on Friday, nearly 27% higher from its recently made 52-week low of ₹227.40 apiece on the NSE.
According to stock market experts, despite reasonable fundamentals, Senco Gold shares witnessed selling pressure in the recent stock market crash. They said that the unexpected rise in gold prices has hit demand for jewellery, which could be the possible reason for the dip in Senco Gold’s share price. They added that Senco Gold reported weak Q3FY25 results, which is also why stock remains in the…
