Multibagger Penny Stock at Rs 51.95, Hit Upper Circuit as Company Unveils Premium Range of Smart TVs for Metro Cities
The stock gave multibagger returns of over 450 per cent from its 52-week low of Rs 8.82 per share in just 1 year.
Today, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to an intraday high of Rs 51.95 per share from its previous closing of Rs 49.50. The stock’s 52-week high is Rs 52.05 per share and its 52-week low is Rs 8.82 per share. The stock gave multibagger returns of over 450 per cent from its 52-week low of Rs 8.82 per share in just 1 year.
Cellecor Gadgets Limited, a pioneer in innovative technology solutions, announced the upcoming launch of its premium range of smart TVs, set to redefine luxury home entertainment. Catering to the discerning tastes of customers in Tier 1 metro cities, these new models, available in 75", 86", and 98" sizes, mark Cellecor's strategic entry into the high-end market. The decision to launch these premium smart TVs stems from the overwhelming demand following the success of Cellecor's models in tier 2 and tier 3 cities. In an era where viewing TV isn't the sole means of entertainment, Cellecor's latest high-end smart TVs offer an unparalleled blend of cutting-edge technology and sophisticated style. Each model is meticulously crafted to deliver an immersive sound experience and incredibly sharp 4K visuals, transforming your living room into a cinematic haven.
Cellecor Gadgets Limited has formed strategic alliances with renowned retail giants, ensuring seamless access to these high-end smart TVs for tech-savvy consumers in key metro areas. By partnering with well-known large-format retail (LFR) partners, the company is making it convenient for customers to explore and purchase these premium products. The consumer electronics industry is a highly competitive landscape, constantly evolving to meet the ever-changing demands of customers. There has been a significant surge in the demand for larger-screen smart TVs as people increasingly prefer to enjoy shows and movies from the comfort of their homes. Recognizing this market trend, Cellecor has developed a strategic plan to introduce its premium range of smart TVs, designed to captivate the hearts of its customers.
Cellecor Gadgets Limited is not merely entering the high-end market; it is revolutionizing it with its upcoming launch of premium smart TVs. By combining cutting-edge technology with sophisticated design and leveraging tactical retail alliances, Cellecor is poised to deliver an unparalleled experience in home entertainment. These new models not only cater to the growing consumer demand for larger, more immersive viewing options but also set a new standard for luxury and innovation in consumer electronics.
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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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