Sir, your view on Senco gold
Senco Gold margin decline is due to duty cuts and management has guided for improvement in margins going forward. Sales growth is intact and the guidance is also intact. They are well funded for expansion and reduction in short term borrowing from the qip money can also improve the margin further.
So I will hold for now and will assess further after 2 quarters.
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"The Enforcement Directorate on Saturday said it has arrested the promoter couple of a company, which allegedly duped many investors through a “cloud particle scam”, from the Delhi airport under the anti-money laundering law.
Sukhvinder Singh Kharour and Dimple Kharour were taken into custody on Thursday. A special Prevention of Money Laundering Act (PMLA) court in Jalandhar, Punjab remanded “mastermind” Sukhvinder Singh Kharour in ED custody for ten days and his wife Dimple Kharour for five days, the federal agency said in a statement.
The two were detained at the Indira Gandhi International (IGI) airport on the basis of a Look Out Circular (LOC) issued by the ED."