10:1 stock split: Multibagger penny stock under Rs 35 hit 10 per cent upper circuit on August 16; Surged 284.4 per cent from its 52-week low!
The stock gave multibagger returns of 284.4 per cent from its 52-week low of Rs 8.82 per share.
Today, shares of Cellecor Gadgets Limited hit a 10 per cent upper circuit to Rs 33.90 per share from its previous closing of Rs 30.85. The stock gave multibagger returns of 284.4 per cent from its 52-week low of Rs 8.82 per share.
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 a wide range of devices including smart TVs, mobile phones, smartwatches, 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.
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Update: Cellecor Gadgets Limited, a leading Indian consumer durables company, is rewarding 500 top-performing distributors, retailers, and sales representatives with an all-expenses-paid international trip. Beyond appreciation, this event is a strategic move to strengthen relationships, gather market insights, and unveil the new 'Evoke' premium brand. By bringing together key stakeholders in an international setting, Cellecor aims to foster collaboration, enhance sales performance, and gain valuable market intelligence. The trip will feature a grand award ceremony, product showcases, and opportunities for direct interaction between leadership and partners, solidifying Cellecor's position as an industry innovator and reinforcing its commitment to driving sustained success through open dialogue and shared experiences.
The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent. As of March 2024, the promoters of the company own a 51.54 per cent stake, FIIs own 0.77 per cent, DIIs own 3.91 per cent and the rest 43.78 per cent is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.
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