Heavy Buying: Watch out for this multibagger stock that was locked in upper circuit on December 04; PAT zooms over 100 per cent!

The stock gave multibagger returns of 174 per cent from its 52-week low of Rs 88.15 per share.

On Monday, shares of Cellecor Gadgets Limited hit a 10 per cent upper circuit to Rs 241.45 per share. The stock falls under the SME segment with a lot of 1,200 shares. The stock gave multibagger returns of 174 per cent from its 52-week low of Rs 88.15 per share.

Incorporated in 2020, Cellecor Gadgets Limited is engaged in the procurement, branding, and distribution of televisions, mobile phones, smart wearables, mobile accessories, smart watches, and neckbands.

According to the half-yearly results, the net sales increased by 85 per cent to Rs 209.66 crore, operating profit increased by 157 per cent to Rs 12.74 crore and net profit increased by 108 per cent to Rs 7.02 crore in H1FY24 compared to H1FY23. According to annual results, the net sales increased by 118 per cent to Rs 264 crore and net profit increased by 300 per cent to Rs 8 crore in FY23 compared to FY22.
Earlier, that company announced that Bollywood heartthrob Varun Dhawan isn't just gracing the silver screen anymore – he's invading your living room too! Cellecor's snagged him as the face of their brand-new Smart TVs, blurring the lines between entertainment and tech in one electrifying move. With Varun's star power and Cellecor's cutting-edge tech, their Smart TVs are set to explode onto the scene, captivating audiences and redefining how we experience entertainment in our own homes.

The company IPO was launched just a few weeks ago and falls under the SME segment with a lot size of 1,200 shares. As of September 2023, the promoters of the company own a 51.54 per cent stake, FIIs own 4.41 per cent, DIIs own 6.05 per cent and the rest 38 per cent is owned by the public.

Disclaimer: The article is for informational purposes only and not investment advice.