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Senco Gold Limited ( (IN:SENCO) ) has issued an announcement.
Senco Gold Limited announced that CARE Ratings has assigned a CARE A1 rating to its Rs 50 crore short-term bank facilities, underscoring the company’s strong liquidity profile and disciplined working capital management. The company highlighted that this new rating complements its existing ICRA A (Stable) rating on long-term bank facilities and a consistently strong short-term rating history, achieved alongside a near fourfold increase in overall borrowing limits, pan-India market expansion, resilience amid volatile gold prices and sustained improvements in key financial metrics, which together reinforce lender and investor confidence in its growth trajectory.
More about Senco Gold Limited
Senco Gold Limited operates in the jewellery retail sector, focusing primarily on gold and diamond jewellery with a growing pan-India footprint. The company has been expanding its showroom network, now reaching 196 locations, and has strengthened its capital base through private equity fundraising, an initial public offering and a qualified institutional placement to support its expansion and working capital needs.
Average Trading Volume: 121,982
Technical Sentiment Signal: Hold
Current Market Cap: 57.56B INR
For an in-depth examination of SENCO stock, go to TipRanks’ Overview page.