10:1 stock split & 585 per cent returns: Penny Stock Under Rs 60 Hit Upper Circuit As Company Announces Business Collaboration With Osia Hyper Retail Ltd
The stock gave multibagger returns of 379 per cent from its 52-week low of Rs 12.51 per share in just 1 year.
On Thursday, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to an intraday high of Rs 59.95 per share from its previous closing of Rs 57.10. The stock’s 52-week high of Rs 66.45 per share and its 52-week low is Rs 12.51 per share.
Cellecor Gadgets Limited, one of India's fastest-growing consumer electronics brands, announces its partnership with OSIA Hyper Retail Limited, Gujarat's largest and leading retail chain. This collaboration will enable Cellecor to bring its range of appliances and smart gadgets to OSIA Hypermart’s extensive retail network across Gujarat.
OSIA Hypermart has established itself as Gujarat's largest, most admired and fastest-growing retail chain, earning the trust of customers with its innovative offerings, quality products, and affordable prices that enhance everyday living. With over 300,000 products spanning various categories like smart gadgets, home decor, kitchenware, electronics, appliances and more.
With over 43 stores spread across more than 15 cities in Gujarat, spanning over 7.11 lakh square feet of retail space, OSIA Hypermart has established itself as a trusted retail destination, offering a diverse range of products and a strong customer-centric approach. This partnership provides Cellecor with an excellent plaƞorm to further extend its reach and offer its innovaƟve, high-quality, and value-for-money appliances and smart gadgets to a broader audience in Gujarat.
This collaboration aims to enhance the shopping experience for customers, particularly those who value the in-store experience of seeing and handling products before making a purchase. Customers visiting OSIA Hypermart can now experience a range of Cellecor products, thanks to this partnership. Cellecor's focus on innovation and affordability aligns perfectly with OSIA’s core value of offering high-quality products at accessible price points. With a robust distribution network and the presence of Cellecor products in leading retail chains across Gujarat, the company is strategically positioned for growth. Leveraging this strong foundation, Cellecor anticipates that its business in the Gujarat region will exceed 100 crore in the next 12 months.
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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 379 per cent from its 52-week low of Rs 12.51 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.