10:1 stock split & 595 per cent returns: Penny stock under Rs 65 to keep under radar as the company expands its home applications portfolio
The stock gave multibagger returns of 595.6 per cent from its 52-week low of Rs 8.82 per share in just 1 year.
Cellecor Gadgets Limited, a renowned name in consumer electronics, is set to expand its product offerings with the introduction of a new series of home appliances. The company, known for its innovative and reliable products, will be launching refrigerators, geysers, and room heaters in October. This expansion aligns with Cellecor's mission to enhance everyday life through practical and efficient solutions.
The refrigerators, available in 180L, 185L, and 205L capacities, are designed to cater to various household needs. Equipped with energy-efficient compressors and toughened glass shelves, these refrigerators offer durability and ample storage space. Additionally, the stabilizer-free operation and anti-bacterial gasket ensure reliable performance and food freshness. Gemcare Appliances Private Limited has supplied these refrigerators, providing premium features at competitive prices.
Cellecor's new geyser series includes both Electric Instant Geysers and Stationary Storage Geysers. The Electric Instant Geysers, with a 5-litre capacity and 3000-watt heating element, offer quick and efficient hot water. The Stationary Storage Geysers, available in 15- and 25-litre capacities, feature a three-level safety system and a five-star energy rating. Both geyser types are designed for convenience, efficiency, and modern aesthetics. Onkar Engine and Generator (P) Ltd has supplied these geysers, ensuring their availability at various retail outlets and online platforms.
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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 595.6 per cent from its 52-week low of Rs 8.82 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.