Senco Gold Limited IPO Message Board (Page 1)

Has Senco formed a base?
It’s valuation seem to be less than it’s peers.
Good time for entry?

Today crossed 400+ .. good going..

Yes, happy to have stood vindicated.

Today volumes halved. What does this indicate ?

Added 4 additional lots @ 368...
Holding 5 lots @358...no worries as the last qtr was good for jewelery industry.
Should rise until January.😇

@DHARMENDRA SHARMA 
TVS hold,
Senco hold
Apar industries hold
Rcf holdLikhitha hold
Kpit hold

Event management companies on radar
Diwali, wedding season etc about to begin after a month.
Grains already fired.
Dawat buy call at 95 is now 160+
Apar buy call at 1300 and again at 2500..is now near 4000.

Sir any target for Senco Gold?

Today Thanga Mayil Jewellery Ltd skyrocketed🚀🔥 post result. Moved 17%📈📈. Result could be a good trigger for Senco too.

Stiil holding one lot. I hope senco sunken ship na ho jaye.. Gold stocks ka koi bharosa nahi. IPO price is my stop loss now

I M STILL HOLDING MY ALLOTED 658 SHARES.... TODAY RISING WITH GOOD VOLUME......ANY ADVICE

Rising with Good volumes today !!

After listing seen first green candle today, hope will see the green candle continue everyday

This is going other way round. No buyer at 365/- . Willl test retailers patience. Jewellery stock can't say where they will go. Past experience this stock never reward to SH, Holding 3 lot, but with a strict stop loss of 349/-

I think 2 months Target near ₹ 270 to 300

Halat badalte hee, Jazbaat badal gaye.. 😂😂

@IPO guro,
What's your next target after today's 100 m dash by Senco though it is up for a marathon ?

Kalyan Jewellers was below ipo price for many years. Senco can also come below ipo price i.e below 317 . Market is also at all time high any correction in market which is most likely will hammer this counter badly
Risk taking investor hold else everyone EXIT senco shares.

God knows from where is coming non stop selling in senco shares.

Those who are in market or wants to be in market for longer time, they must be developed the art of Living in Volatile market. Those who can develop this art they are the winners.

For better understanding I am giving the recent example of Avalon Technology. It's ipo was given @438 in April 2023. After that the stock reached to it's lowest level @350. But today it's trading @649 & touched it's ATH@ 730 Levels.
So don't look the daily price movement but choose fundamentally strong Company having good business model with sound track record. Give reasonable time to your stock and review it at least 6 months with it's quarterly results.

One more thing that Our Blood report tells us most of the things and here financial results can give larger picture & In the stock market the market always respects numbers. No one can beat the numbers. ITC & L & T are the best example of this .

And lastly for those who are nervous with the (downward ) current market price may not be forget that Very senior Fund manager Mr. Prashant Jain have also invested in this company. He is not a foolish one like us. 🥰😃😝. So don't worry and give some time to the stock.

@ipobull 
I got allotment (BHNIs) in Kaynes & Dreamfolks.
Kaynes were given@587 & got listed @775. After that it was traded below 1000 and nowadays it's +1800. No one can stop the good fundamentally stock for much more time. We have to understand this fact & Market always loves the Numbers. It's all game of numbers. Hence patience & your strong conviction are the two strong piller of the market.

Good news for Senco Holders & Jeena Sikho , as today stock rose upto 7.63 % & closed @413.95. & 9.38% and touched ATH : 750 Level & finally cosed @710.90.

After watching today's rise the confidence level of all equity holders may have certainly boost up. Hold tight this gem for enjoying the best Diwali with Senco. 😃😀🤓😉😄

Both the peers of Senco gold - Kalyan Jewellers and Thangamayil hit new 52 week high today.
Kalyan is trading at 40 PE and Thangamayil is trading at 30 PE.
This gives lucrative opportunity to add Senco at 20 PE right now. (expected 
min. 25-50% gain in short term).

Senco Gold is a gold mine. Hold it till end of Dec qtr results to reap good returns.

Thinking to add 342 more at about 370 to my bhni allotment & sell all 1k by the end of the year.

I think 380 levels are appropriate to enter. Rs. 10 on either side should not matter much, because when a stock is on fire, it just gallops. You are seeing what is happening to Dreamfolks now.

@abc xyz 

Hello Sir, thanks for all your guidance so far.

I have 1 lot in retail category. Should I hold it or sale? I can hold it for long-term too if that is advisable.

What should be the target price?

Thanks in advance!

@CAGauravGoyal 

I don't know your profile & risk appetite. I too have Senco Gold in good numbers. I am quiet bullish on Senco due to following reasons.
1. Very good & nice business model.
2. Promoters are relatively honest and more than 30 years experience in this field.
3. Reasonable valuation.
4. Comparison with Thangamayli will give the edge to Senco.
4. Former fund Manager ( HDFC) Shri Prashant Jain have invested in this company.
5. My conservative target of a year is +950.
If you are long term investor, may hold this but if you are short term investor, book the profit & enjoy.

@abc xyz 

Thanks a lot for your guidance.
Will hold it for long term.
🙏

Sab bech bach ke nikal gye kya bhai?
Ya mai hi sirf akele bcha hu?
Holding 300 qty

I am holding 1 lot for target of 500

I think something different is cooking up in this counter. A chunk of retail might have bought instead of selling on the first day. Whoever sold will be trying to shake the Retail by pulling down the price low in 370 range this week. In parallel many see the valuation in light of titan. Th evaluation of the companies are David vs Goliath but the core business remain the same and that way senco is much much undervalued now. What you all say ?

i am holding all 659 shares

HOLDING ON TO MY ALLOTED LOT OF 658 SHARES....

1. Decent listing, not a bumper one. So still valuations are good.
2. Heavy volumes. 70.66L shares delivered (55% of IPO size, more than Retail + HNI).
3. Good profitable company.
4. Orders to be placed at LC - Call by grey brokers in preopen on listing day.
5. Overall bullish sentiments in mainline recent IPOs (Cyient DLM, ideaForge)

These 5 pandavs will ensure that at the end of this Mahabharat (initial dust settlement times) only truth prevails (fundamentals win).All the best those who are holding. 👍👍

buy in dip

..

There was NII selling pressure on the first day bringing the share price down to 405. No need to worry. It may go to even 390 levels, but will claw back fast after 2-3 days once the seling pressure is over. Valuations of the company are reasonable and it is a profit making company with healthy growth.

When is the quarterly results date?

Result date not declared yet but today's gold price rally may have good impact tomorrow.