Senco Gold Shares Jump 14% as Jewellery Sector Rallies on Strong Q3 Performance
Senco Gold shares jumped 14% on Wednesday as the jewellery sector rallied following strong Q3 performance updates. Titan led the gains with a 5% surge after reporting 40% annual revenue growth in Q3 FY26, while Kalyan Jewellers gained 7% on robust festive demand. Despite sectoral strength in jewellery, broader markets declined with Sensex falling 240.20 points and Nifty dropping 80.55 points due to profit-taking and geopolitical concerns.
*this image is generated using AI for illustrative purposes only.
Senco Gold shares surged 14% on Wednesday as the jewellery sector witnessed strong gains following robust Q3 performance updates. The rally came despite broader market weakness, with equity indices trading lower due to profit-taking amid heightened geopolitical concerns.
Market Performance Overview
Broader markets declined on Wednesday, with key indices posting losses despite optimism around the Q3 earnings season.
| Index | Level | Change (Points) | Change (%) |
|---|---|---|---|
| Sensex | 84,823.14 | -240.20 | -0.28% |
| Nifty 50 | 26,098.15 | -80.55 | -0.31% |
| Intraday Low (Sensex) | 84,600 | -458.5 | - |
| Intraday Low (Nifty) | 26,077 | - | - |
Both midcap and smallcap indices posted modest gains, contrasting with the decline in benchmark indices. Market breadth remained negative on the National Stock Exchange, with 1,662 stocks declining against 1,363 advancing out of 3,130 stocks traded.
Jewellery Sector Leads Gains
The jewellery sector emerged as a standout performer, with multiple companies posting significant gains on strong Q3 updates.
| Company | Performance | Key Highlight |
|---|---|---|
| Titan Company | +5% | 40% annual revenue growth in Q3 FY26 |
| Kalyan Jewellers | +7% | 42% Q3 revenue growth from festive demand |
| Senco Gold | +14% | Strong Q3 performance |
| Thangamayil Jewellery | +6-8% | Top BSE gainer |
Titan Company led the Nifty 50 pack with a 5% surge after reporting impressive 40% annual growth in standalone revenue during the December quarter of FY26. The company's performance was aided by surging gold prices, which boosted the entire jewellery sector.
Sectoral Performance
Sectoral indices traded mixed, with some segments posting gains while others declined.
Top Performing Sectors:
- Consumer Durables: +1%
- IT: +1%
- Chemicals: Modest gains
- Pharma: Modest gains
- Metals: Modest gains
Underperforming Sectors:
- Realty: -1%
- Auto: Declined
- Oil & Gas: Declined
- Banking: Declined
Nifty 50 Movers
Among Nifty 50 constituents, technology and financial services stocks led the gainers, while healthcare and automotive stocks weighed on the index.
Top Gainers: Titan, Jio Financial, HCL Tech, Wipro, and Infosys Top Losers: Cipla, Max Healthcare, TMPV, Maruti Suzuki, and Power Grid
Midcap and Smallcap Highlights
Midcap technology stocks showed strong performance with Tata Elxsi, Hitachi Energy, Tata Tech, KPIT Tech, and Persistent Systems surging 4-8%. However, M&M Financial Services, Prestige Estate, Oil India, Jubilant Foods, and IndusInd Bank fell 2-5%.
In the smallcap segment, Neuland Lab, Radico, Wockhardt, Tata Chemicals, and JBM Auto soared 3%, while Ola Electric, IIFL, Cholamandalam Holdings, IGIL, and Zen Tech depreciated by 3-4%.
Market Breadth and Activity
Despite the negative market breadth, trading activity remained robust with 87 stocks hitting 52-week highs and 91 stocks slipping to 52-week lows. Additionally, 51 stocks locked in the upper circuit while 44 counters hit the lower circuit during the session, indicating mixed investor sentiment across different segments.
Historical Stock Returns for Senco Gold
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.02% | +8.92% | +12.38% | -4.78% | -39.84% | +70.89% |
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