Multibagger consumer electronics stock to keep under the radar as company honours top performers with exclusive international trip: a strategic initiative for growth and innovation!
The stock gave multibagger returns of 245.5 per cent from its 52-week low of Rs 88.15 per share.
Today, shares of Cellecor Gadgets Limited gained 2.71 per cent to Rs 304.60 per share from its previous closing of Rs 296.55. The stock gave multibagger returns of 245.5 per cent from its 52-week low of Rs 88.15 per share.
Cellecor Gadgets Limited, a leading force in India’s consumer durables market, announced its annual reward trip for top-performing distributors, retailers and sales representatives. This year, 500 exceptional individuals will embark on an exclusive international journey as a token of appreciation for their outstanding contributions. Beyond recognition, this event serves as a strategic platform to foster collaboration, gather market insights, and unveil exciting new developments.
Going beyond mere reward, this prestigious trip is integral to Cellecor’s business strategy. It provides a unique opportunity to strengthen relationships among dealers, distributors, and the marketing team, leading to improved coordination and enhanced sales performance. By engaging with its network in a dynamic international setting, Cellecor aims to gain valuable firsthand market intelligence, product feedback, and insights into consumer preferences. This knowledge will be instrumental in driving future growth and maintaining a competitive edge.
This year’s international event will be a highlight, featuring a grand award ceremony to honour the exceptional sales achievements of the past year. Cellecor will also unveil its highly anticipated premium brand, ‘Evoke,’ and showcase its complete product range. This strategic move positions Cellecor as an industry innovator and generates excitement within the network. Moreover, the trip will facilitate direct interaction between Cellecor’s leadership and its partners, fostering stronger relationships and encouraging deeper collaboration. Through open dialogue and shared experiences, Cellecor aims to reinforce its commitment to its network and drive sustained success.
stock split: Additionally, Cellecor Gadgets Ltd informed that the Board of Directors of the Company has announced a 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 Board fixed the record date for the stock split as Friday, August 09, 2024.
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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 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.
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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