Better margin delivery in tough quarter

Company
20 Aug 2024
5 Min read 
  • Senco Gold's financials and valuations
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  •  Revenue growth and margin improvement
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  •  Impact of customs duty reduction on inventory valuation
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  •  Store expansion and strategic focus on lightweight and studded jewelry
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  •  Management's commentary on demand environment and outlook
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  •  Reiteration of BUY rating with a target price of INR 1,350.
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