Multibagger from its 52-week low: This micro-cap company embraces the spirit of tennis as title sponsor for TSL Hawks – know more here!

The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 88.15 per share.

Tech giant, Cellecor Gadgets Ltd is electrifying the court as the title sponsor for the TSL Hawks, a powerhouse team in the Meteora World Tennis League. This exciting collaboration marks Cellecor's foray into the world of sports, aligning its innovative spirit with the Hawks' athletic prowess and competitive fire.

Backed by Toyam Sports Limited since 2023, the Hawks boast a lineup of tennis superstars like Iga Swiatek, Hubert Hurkacz, and rising star Ruud. Fueled by Cellecor's cutting-edge energy and the Hawks' undeniable talent, this dynamic duo is primed to leave their mark on the upcoming season, redefining excellence and raising the bar for the League.

Today, shares of Cellecor Gadgets Limited gained 3.7 per cent to Rs 267 per share from its previous closing of Rs 257.50. The stock falls under the SME segment with a lot of 1,200 shares. The stock gave multibagger returns of over 200 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, 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.