10:1 stock split: Multibagger penny stock under Rs 50 hit 52-week high as Board is likely to raise funds & company unveiled its latest lineup of laptops and 5G smartphones!
The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 8.82 per share.
Today, shares of Cellecor Gadgets Limited gained 9.88 per cent to an intraday high of Rs 45.60 per share from its previous closing of Rs 41.50. The stock also made a fresh new 52-week high of Rs 45.60 per share. The stock gave multibagger returns of over 400 per cent from its 52-week low of Rs 8.82 per share. In the recent trading sessions, the stock has been hitting back-to-back 52-week highs.
The Board of Directors meeting of Cellecor Gadgets is scheduled for September 7, 2024, at their registered office. The agenda includes reviewing and approving proposals for fundraising through equity shares or other equity-linked instruments. Additionally, they will discuss any other relevant matters as permitted by the Chair.
Cellecor Gadgets Limited has also unveiled its latest lineup of laptops and 5G smartphones. These cutting-edge devices are meticulously crafted to meet the evolving demands of contemporary consumers, seamlessly blending style, performance, and affordability. The Cellecor 5G smartphone, a testament to the brand's unwavering commitment to exceptional mobile experiences, boasts a sleek design, a robust processor, and lightning-fast 5G connectivity, making it an ideal choice for those seeking the pinnacle of mobile technology. With its ample storage, intuitive Android 14.0 operating system, and captivating visuals, the Cellecor 5G smartphone transcends the boundaries of a mere phone, serving as a versatile companion for work, entertainment, and everything in between. Meanwhile, Cellecor's new laptop range is designed to democratize education by providing high-quality, affordable devices that cater to the needs of students, professionals, and individuals across all walks of life. Whether you're a creative professional, a dedicated student, or simply in search of a reliable device for everyday tasks, Cellecor's laptops offer something to suit your specific requirements. Equipped with powerful processors, ample storage, and high-resolution displays, these laptops are engineered to empower individuals to achieve their goals.
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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.
Disclaimer: The article is for informational purposes only and not investment advice.
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