10:1 stock split: Multibagger penny stock under Rs 40 locked in 10 per cent upper circuit on September 03
The shares of the company have an ROE of 117 per cent and an ROCE of 84 per cent.
Today, shares of Cellecor Gadgets Limited were locked in a 10 per cent upper circuit to Rs 37.75 per share from its previous closing of Rs 34.35. The stock gave multibagger returns of 328 per cent from its 52-week low of Rs 8.82 per share.
Cellecor Gadgets Limited, a leading consumer electronics company, has strengthened its market position by securing a substantial order of 7,000 units for the upcoming Big Billion Sale on Flipkart, valued at approximately Rs 10 million. This significant achievement highlights the company's strong product appeal and market demand. To enhance its digital footprint, Cellecor has formed a strategic partnership with Cred, a renowned fintech platform offering premium credit card payment solutions. The company has assembled a team of e-commerce specialists to refine its digital strategy and boost online visibility. With a focus on these key initiatives, Cellecor aims to achieve substantial revenue growth during the upcoming festive season, targeting Rs 50 crore in sales. Sehgal's leadership, coupled with the company's strategic focus, positions Cellecor to innovate, elevate its brand presence and thrive in the competitive digital marketplace.
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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 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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