10:1 Stock Split & 380 Per Cent Returns From Its 52-Week Low: Penny Stock Under Rs 70 Jumps Over 8 Per Cent From Intraday Low
The stock gave multibagger returns of 380 per cent from its 52-week low of Rs 13.60 per share in just 1 year.
On Monday, shares of Cellecor Gadgets Limited gained 8.55 per cent upper circuit to an intraday high of Rs 65.40 per share from its intraday low of Rs 62.90. The stock’s 52-week high of Rs 66.45 per share and its 52-week low is Rs 13.60 per share.
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.
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.
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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 380 per cent from its 52-week low of Rs 13.60 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.