Senco Gold’s share price jumped 10% to reach a 52-week high after the company announced a stock split and plans to raise ₹500 crore.
The stock split will divide one ₹10 share into two ₹5 shares, marking the first split since the company's IPO in July 2023. Senco's board also approved raising funds through a Qualified Institutional Placement (QIP). Analysts suggest a positive long-term trend, but short-term consolidation may occur due to overbought conditions.