Multibagger from its 52-week low: This micro-cap company is into business expansion with the opening of its 2 exclusive brand stores at Bhopal and Andaman & Nicobar Islands

The stock gave multibagger returns of 248 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, is proud to announce the grand opening of its 2 Exclusive Brand Stores in Bhopal and Andaman & Nicobar Islands, with a meticulously curated plan to have more such “Exclusive Brand Stores” across India.

These "Exclusive Brand Stores" aim to seamlessly marry style, quality, exclusivity, and affordability by offering an intuitive and user-friendly shopping experience. By taking control of the entire retail journey, the company strengthens its brand image, showcases its full product range (including exclusive items), generates product excitement, and directly interacts with customers to build deeper connections. All major product categories like mobiles, smart TVs, and wearables will be available, with exclusive offline-only SKUs and early access periods for premium items available in-store and prioritized for franchisees.

Cellecor is expanding its reach in India through a franchise model, partnering with local entrepreneurs to establish Exclusive Brand Stores. This collaboration leverages the established brand alongside the franchisees' local expertise to provide a seamless customer experience while maintaining brand identity. With plans to open 16 stores by March 2024, Cellecor emphasizes its commitment to promoting Indian brands and entrepreneurship, ensuring each outlet integrates with local culture and preferences.

Earlier, CashKaro, a major cashback platform, and Cellecor Gadgets Ltd joined forces in a transformative partnership, making premium smart TVs and other cutting-edge tech more accessible and affordable through exclusive deals and cashback. This collaboration goes beyond business, aiming to seamlessly blend innovation and affordability, empowering consumers with every purchase and shaping a smarter, more connected future. It follows Cellecor's Republic Day event featuring actress Tamannaah Bhatia, solidifying their mission to bring high-quality electronics to everyone.

Cellecor Gadgets, India's budget-friendly tech giant, is making a power move into the premium market with its new line of luxurious smart TVs, stylish smartwatches, immersive earbuds, and sleek smartphones. To capitalize on India's booming demand for premium tech and fund this expansion, they're issuing 1,020 crores worth of non-convertible debentures. This bold venture positions Cellecor to capture the hearts (and wallets) of tech enthusiasts, style lovers, and fitness buffs in the world's fastest-growing tech market.

Today, shares of Cellecor Gadgets Limited gained 4.73 per cent to Rs 301.10 per share from its previous closing of Rs 287.50 with an intraday high of Rs 306.90 and an intraday low of Rs 291. The stock falls under the SME segment with a lot of 1,200 shares. The stock gave multibagger returns of 248 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.