10:1 stock split: Multibagger penny stock at Rs 47.25 hit upper circuit & 52-week high as company announces a strategic partnership with PG Electroplast Ltd

The stock gave multibagger returns of 435 per cent from its 52-week low of Rs 8.82 per share.

Today, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to an intraday high of Rs 47.25 per share from its previous closing of Rs 45. The stock also made a fresh new 52-week high of Rs 47.25 per share. The stock gave multibagger returns of 435 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.

Cellecor Gadgets Limited is proud to announce a strategic partnership with PG Electroplast Limited, a pioneer and leading provider of Electronics Manufacturing Services in India. Under this collaboration, PG Electroplast will serve as the manufacturing partner for Cellecor’s new range of Air Conditioners and Coolers, marking a significant expansion in Cellecor's product porƞolio.

PG Electroplast Limited, incorporated in 2003 as the flagship company of PG Group, is recognized as a one-stop solution for leading Indian and global brands. Specializing in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and Plastic Injection Molding, PGEL caters to over 45 leading brands across diverse industries, including Consumer Durables, Consumer Electronics, Bathroom Fiƫngs, and Automotives.

With a diverse team of 3,800+ employees, PG Electroplast has built a strong reputation for its ability to ramp up capacity, diversify offerings into new segments, initiate backward integration, and invest in research and development for new products. This partnership with Cellecor will leverage PGEL’s state-of-the-art manufacturing facilities and expertise to rapidly scale up the production of ACs and coolers, ensuring superior quality.

The collaboration is focused on enhancing production efficiency and maintaining the highest standards of quality and durability for Cellecor’s ACs and Coolers. Both companies are committed to delivering products that meet the stringent requirements of the Indian market, providing consumers with reliable, energy-efficient cooling solutions. This strategic partnership between Cellecor Gadgets Limited and PG Electroplast Limited underscores a shared commitment to innovation, quality and customer satisfaction, and is poised to set new benchmarks in the home appliances industry.

Earlier, the company launched a new range of laptops and a 5G smartphone. These devices offer a blend of style, performance, and affordability. The 5G smartphone features a sleek design, powerful processor and fast connectivity. The laptops cater to students, professionals and individuals seeking reliable devices for various tasks.

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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