Multibagger returns from its 52-week low: This micro-cap company joins hands with BLS E-Services Limited to expand its distribution network; know more here!

The stock gave multibagger returns of 175 per cent from its 52-week low of Rs 88.15 per share.

Cellecor Gadgets Limited, an emerging consumer durables company on India’s fastest-growing electronic goods landscape, joins hands with BLS E-Services Limited to expand, and strengthen its distribution network further, and as per the arrangement, now Cellecor Smart TVs, Phones and Smartphones will be sold at BLS E-Services platforms.

BLS e-Service Limited, a leading Indian digital service provider with the legacy of BLS International, offers a comprehensive suite of services including Business Correspondent, Assisted E-services, and E-Government services. These services empower individuals at the grassroots level by transforming how they access essential public utility services, social welfare programs, healthcare, banking, education, and agriculture. Through its strong network, BLS serves the needs of governments (G2C), businesses (B2B), and individuals (B2C) in urban, semi-urban, rural, and remote locations.

A rising Indian electronics brand, Cellecor, is rapidly expanding its product range and reach across the country. The company, known for its innovative spirit, is venturing into new categories like home appliances and premium electronics, while also working with partners like BLS e-Services to ensure its products are available in both urban and rural areas through various retail channels. This customer-centric approach aims to make Cellecor a household name in India.

Starting in 2012 as a proprietorship firm, Cellecor Gadgets has grown from M/s Unity Communications to a leading consumer electronics brand by outsourcing manufacturing and focusing on providing innovative, affordable tech through a wide range of products like mobile phones, TVs, wearables, and home appliances.

Today, shares of Cellecor Gadgets Limited plunged 1.73 per cent to Rs 238 per share from its previous closing of Rs 242.20 with an intraday high of Rs 244.30 and an intraday low of Rs 228.60. The stock falls under the SME segment with a lot of 1,200 shares. The stock gave multibagger returns of 175 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. 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.