10:1 Stock Split & 377.4 Per Cent Returns: Multibagger Penny Stock Under Rs 75 Hit Upper Circuit & 52-Week High On Stellar Half-Yearly Results (H1FY25)
The stock gave multibagger returns of 377.4 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
On Wednesday, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to an intraday high of Rs 71.80 per share from its intraday low of Rs 68.40. The stock also made a new 52-week high of Rs 71.80 per share and its 52-week low is Rs 15.04 per share.
According to half-yearly results, the net sales increased by 103 per cent to Rs 425.71 crore, Profit before tax (PBT) increased by 106 per cent to Rs 19.67 crore and net profit increased by 108.3 per cent to Rs 14.62 crore in H1FY25 compared to H1FY24. In its annual results (FY24), the company reported net sales of Rs 500.45 crore, PBT of 20.71 crore and net profit of Rs 16.09 crore.
Earlier, Cellecor Gadgets Limited formed a strategic partnership with OSIA Hyper Retail Limited, Gujarat's premier retail chain. This collaboration will allow Cellecor to showcase its diverse range of appliances and smart gadgets to a wider audience through OSIA Hypermart's extensive network of stores across Gujarat. OSIA Hypermart, renowned for its innovative offerings, quality products, and affordable prices, has solidified its position as Gujarat's largest and most trusted retail chain. With over 300,000 products spanning various categories and a presence in more than 15 cities, OSIA Hypermart provides a convenient and diverse shopping experience for customers. This partnership offers Cellecor an excellent platform to expand its reach and introduce its innovative, high-quality, and value-for-money products to a broader market in Gujarat.
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About the Company
Cellecor Gadgets Ltd, founded in 2010, is an Indian company that sells consumer electronics under its brand name. They focus on providing affordable options for various devices, including smart TVs, mobile phones, smart watches, earphones and various accessories. Cellecor outsources the manufacturing of these products and then distributes them through a network of over 900 distributors, 25,000 retailers and 1200 service centres across 28 Indian states, with a strong presence in Uttar Pradesh, West Bengal and Gujarat.
stock split: The shares of the company ex-traded stock split in the ratio 10:1 i.e., sub-division of 1 equity share of the company having a face value of Rs 10 each into 10 equity shares of the company having a face value of Re 1. The record date for the stock split was Friday, August 09, 2024.
The company's shares have an ROE of 117 per cent and an ROCE of 84 per cent. As of March 2024, the promoters own 51.54 per cent of the company, FIIs own 0.77 per cent, DIIs own 3.91 per cent and the public owns 43.78 per cent. The stock gave multibagger returns of 377.4 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.