Senco Gold
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24% above
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About Senco Gold
Senco Gold & Diamonds is one of the largest jewellery organisations in India. Senco is a brand of Legacy, Quality, Trust & Value. The legacy of 80 years, spanning four generations, values rooted in the past and history, but it also balances amazingly with modern, forward-looking thoughts that continue to take the company forward. For both young minds and industry pros, who are passionate and want to excel in Gems & Jewellery segment, or have passion for any form of art, Senco can be an ideal destination for a rewarding career. We believe that life is a journey and you keep learning throughout. However, along with on-job training, we train employees on the nuances of the retail and back office, as well as retail sector customer experience and behaviour. If you do not believe in taking challenges, then this company is not for you. A journey of 3 stores to 107+ stores in 80 years is not something that can be done without challenges and hard work. The vision is to make the customers happy and work with discipline, sincerity, and adaptability to changes. Almost 60% of our workforce is women. 80% of our customers are women. We respect women and want to help them in their journey and fulfill their dreams and aspirations. We have formulated committees against sexual harassment which are very prompt. Our maternity benefit policy helps women acclimatize to the dual responsibilities they take on after motherhood. However, success doesn’t come without sacrifice. So while we focus on work-life balance, our team doesn’t compromise on productivity and growth. We value the contribution of all the employees. We believe in 'Train the Trainer' model which enhances team-building spirit, leadership, and more. There are instances of our junior retail executives becoming store managers. Senco welcomes applications for all departments, from candidates, looking forward to a challenging career with plenty of opportunities for self-development, learning and contribution to society.
Senco Gold Ratings
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Compare Senco Gold with Similar Companies
Change Company | Change Company | Change Company | ||
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Overall Rating | 4.0/5 based on 406 reviews | 4.4/5 based on 1.1k reviews | 4.7/5 based on 1.9k reviews | 3.9/5 based on 345 reviews |
Highly Rated for | Job Security Skill development Salary & Benefits | Skill development Company culture Work Satisfaction | Salary & Benefits Company culture Job Security | Job Security |
Critically Rated for | No critically rated category | No critically rated category | No critically rated category | Promotion/Appraisals |
Primary Work Policy | Work from office 96% employees reported | Work from office 91% employees reported | Work from office 94% employees reported | Work from office 85% employees reported |
Rating by Women Employees | 3.9 Good rated by 115 women | 4.5 Good rated by 328 women | 4.8 Excellent rated by 207 women | 3.8 Good rated by 51 women |
Rating by Men Employees | 4.0 Good rated by 261 men | 4.4 Good rated by 670 men | 4.7 Excellent rated by 1.6k men | 4.0 Good rated by 265 men |
Job Security | 4.1 Good | 4.0 Good | 4.6 Excellent | 3.8 Good |
Senco Gold Salaries
Sales Executive
Senior Sales Executive
Store Manager
Cashier
Commercial Manager
Customer Relation Executive
Assistant Manager Commercial
Customer Care Executive
Assistant Store Manager
Commercial Executive
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Senco Gold News
Senco Gold Raises Rs 459 Crore Via QIP, Allots 40.8 Lakh Shares
- Kolkata-based jewellery retail chain, Senco Gold, raised Rs 459 crore through a qualified institutions placement (QIP).
- The company issued and allotted 40.8 lakh equity shares at Rs 1,125 per share.
- Major allottees include Tata AIA Life Insurance, ICICI Prudential Life Insurance, and BofA Securities Europe SA.
- The funds raised will be used to fuel Senco Gold's growth and expansion, with plans to add 18-20 stores annually.
BlueStone IPO: How The Jewellery Maker's Valuation Fares Against Competition
- BlueStone Jewellery and Lifestyle Pvt. is likely valued lower than most of its industry peers as it heads towards an initial public offering.
- Based on the private placement of shares, BlueStone's IPO is likely to see the issuance of up to 1.73 crore new shares, putting its market capitalization at over Rs 8,749 crore.
- BlueStone lags behind listed peers Titan Co., Kalyan Jewellers India Ltd., and Senco Gold Ltd. in terms of market capitalisation.
- The company plans to use up to Rs 750 crore from the fresh issue to fund its working capital requirements and general corporate purposes.
Five Stocks To Buy Today: Tata Steel, Senco Gold, Shriram Finance, Chalet Hotels And EIH
- Analysts have 'buy' calls on shares of Senco Gold Ltd., Shriram Finance Ltd., EIH Ltd., Chalet Hotels Ltd. and Tata Steel Ltd.
- Senco Gold: Analyst recommends buying the stock at Rs 1,167 with a target price of Rs 1,309 and a stop loss at Rs 1,106. The stock has gained 56.77% in the past 12 months.
- Shriram Finance: Analyst suggests buying the stock at Rs 3,248 with a target price of Rs 3,597 and a stop loss of Rs 3,074. The stock has risen by 62.79% in the last 12 months.
- EIH: Analyst suggests buying the stock with a target price of Rs 460 and a stop loss at Rs 405. The stock has gained 75.43% in the last 12 months.
- Chalet Hotels: Analyst recommends purchasing the stock at Rs 1,017 with a target price range of Rs 1,070-1,090 and a stop loss at Rs 980. The stock has moved 58.26% in the past year.
- Tata Steel: Analyst advises buying the stock, targeting Rs 160 with a stop loss at Rs 147. The stock has shown a 14.75% change in the past 12 months.
Jewellery Retailer BlueStone Files Draft Papers For IPO, To Issue New Shares Worth Rs 1,000 Crore
- Jewellery retailer BlueStone has filed draft papers for its IPO, aiming to issue new shares worth Rs 1,000 crore.
- Rs 750 crore from the fresh shares will be allocated for working capital and corporate purposes.
- The IPO comes at a time when the Indian jewellery market is booming, with the sector growing at a stronger pace due to formalization.
- BlueStone's listed peers in the jewellery sector include Titan Co., Kalyan Jewellers India Ltd., Senco Gold Ltd., Thangamayil Jewellery Ltd., and PC Jeweller Ltd.
Senco Gold QIP Opens To Raise Rs 500 Crore
- Senco Gold Ltd. has opened a qualified institutional placement (QIP) to raise Rs 500 crore for its expansion plans.
- The floor price for the QIP has been set at Rs 1,139.4 per share, with a possible maximum discount of 5%.
- Senco Gold aims to open 18 to 20 stores annually with the funds raised from the QIP.
- The company's stock has seen a 60% rise in the past year and has a 'buy' rating from all six analysts tracking it.
Senco Gold expects gross margin to “normalise” at 16-17% for FY25 despite gold price volatility
- Senco Gold's gross margin for FY25 is expected to normalize at 16-17% despite gold price volatility.
- In the first half of FY25, the company's gross margin stood at around 15% due to a hit in the second quarter following the government's reduction of customs duty on gold to 6%.
- The company's CEO expects the gross margin to remain in the range of 15% in the second half of FY25 due to price volatility.
- Senco Gold recorded a net profit of ₹12.12 crore for Q2 FY25 and a revenue growth of 31% YoY at ₹1500.49 crore.
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