North India Statesman
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The shares of SECE Gold stood on the upper circuit for the third consecutive day. On Thursday, the company’s shares in BSE gained 5% to close at ₹ 274.80. The main reason behind this boom is to buy the company shares in the open market by promoters. In the last three days, the shares of Seco Gold have climbed 16%.
Promoters bought 2.41 lakh shares
According to information given by the company to the stock exchange, the promoters have purchased 2,41,400 shares (0.15% stake) in the current week.
- On 17 March 2025, Jai Hanuman Shri Siddhivinayak Trust (Trustee – Suvankar Sen and Joita Sen) bought 1,61,000 shares.
- On 18 March 2025, the Promoter Group Unit bought 80,400 shares.
- After this purchase, the share of promoter and promoter group has increased to 64.22%.
IPO and Stock Split of Gold Gold
- The IPO of CECCO Gold came in July 2023, with a share price of ₹ 317.
- It subscribed 77.25 times and listed on 14 July 2023 at a premium of ₹ 431.
- In January 2025, the company divided its ₹ 10 face value shares into two parts of Rs 5-5.
52-week high and low
- The minimum level of 52-week of cake gold was ₹ 227.70 (17 March 2025).
- The stock has now climbed 21% to above this low.
- In July 2024, the stock was at a high of ₹ 57.46.
Due to the purchase of promoters and increasing confidence of investors, the shares of SECE Gold can see further fast in the coming days.
