1:2 Stock Split: Jewellery Stock Fixes January 31 as Record Date; Is Senco Gold a Buy?

On 15th January, Senco Gold, a small-cap company engaged in the gems and jewelry sector, announced the record date for its upcoming 1:2 stock split. This corporate action is set to make the company's shares listed on BSE more affordable and accessible to retail investors while improving overall liquidity in the market.

Senco Gold Stock Split Details

Senco Gold announced its first-ever stock split. In October 2024, to broaden the shareholder base, making the shares more affordable to enhance trading activity. For Senco Gold, the 1:2 stock split means that each equity share with a face value of Rs 10 will be split into 2 equity shares with a face value of Rs 5 each.

Record Date for Senco Gold Stock Split

Senco Gold's board has officially set January 31, 2025, as the record date for the stock split. This means that investors holding Senco Gold shares as of this date will be eligible for the 1:2 stock split. The company in an exchange filing said that, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that in accordance with the approval of the Shareholders of the Company through Postal Ballot on 26th November 2024, the Board of Directors of the company at their meeting held today i.e. 15th January 2025 has fixed the Record Date as mentioned below for the purpose of sub-division/ split of the equity shares of the company, such that 1(one) equity share having face value of ₹10 (Rupees Ten only) each, fully paid up will be subdivided/ split into 2(two) equity shares having face value of ₹5 (Rupees Five only) each, fully paid-up"

Senco Gold Current Performance and Market Position

Senco Gold shares on Friday's trading session ended at Rs 1026 after dipping 1.94%. The stocks of the company have recently given negative returns of over 10% in the past month; the jewellery retailer's shares have seen slight growth since October 2024, post the stock split announcement. With a market capitalization of Rs 8,537.72 crore, Senco Gold remains a key player in the jewellery retail industry. Ever since its listing, the stocks have given 33.79% returns to their investors.

About Senco Gold

Established in 1994, Senco Gold is a major jewellery retailer in India, known for its exquisite gold and diamond jewellery collections. The company is headquartered in Kolkata. With a strong focus on quality and craftsmanship, the company has grown to become a trusted brand among customers. With a network of stores across the country, Senco Gold caters to a diverse clientele, offering traditional and contemporary designs. Listed on the BSE SmallCap index, Senco Gold has created a great presence in West Bengal.