Stock of this recently-listed jewellery retailer has zoomed 47% in 2 weeks

Shares of jewellery retailer Senco Gold hit a new high of Rs 590.55, as they rallied 11 per cent on the BSE in Wednesday’s intra-day trade amid expectations of strong growth.

In past two weeks, the stock has zoomed 47 per cent, as compared to 2.3 per cent decline in the S&P BSE Sensex. Currently, Senco Gold is trading at a 86 per cent premium over its issue price of Rs 317 per share. The company had raised Rs 405-crore through initial public offering (IPO) and made it stock market debut on July 14, 2023.

Senco Gold is