Multibagger Penny Stock Under Rs 60 in Focus As Company Set To Elevate Sound Experiences With Upcoming Audio Collection In January 2025
The stock gave multibagger returns of 283 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
On Tuesday, shares of Cellecor Gadgets Limited surged 2.12 per cent to Rs 57.65 per share from its previous closing of Rs 56.45. The stock’s 52-week high is Rs 71.80 per share and its 52-week low is Rs 15.04 per share.
Cellecor Gadgets Limited, a renowned name in consumer electronics, is excited to unveil its latest innovation: the Audio Collection. Set to launch in January 2025, this series of cutting-edge sound systems is designed to elevate every audio experience. From immersive home theater setups to pulsating party nights, Cellecor's new lineup offers a diverse range of products to cater to various preferences.
The Audio Collection comprises a diverse range of products, including five wireless speakers and two premium soundbars. The Party Box and Beat Box, designed for large gatherings, feature powerful sound, vibrant LED lights, and professional karaoke modes. For everyday use, the compact yet powerful Storm, Boom, and Thunder speakers offer impressive bass, extended battery life, and customizable LED light modes. The Ultra Bar and Tune Bar soundbars, on the other hand, are perfect for home theater enthusiasts, delivering immersive sound, deep bass, and seamless integration with smart TVs. With this new lineup, Cellecor aims to redefine the audio landscape, offering innovative products that blend advanced technology with stylish design.
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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 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.
Results: According to half-yearly results, the net sales increased by 103 per cent to Rs 425.71 crore, Profit before tax (PBT) increased by 106 per cent to Rs 19.67 crore and net profit increased by 108.3 per cent to Rs 14.62 crore in H1FY25 compared to H1FY24. In its annual results (FY24), the company reported net sales of Rs 500.45 crore, PBT of 20.71 crore and net profit of Rs 16.09 crore.
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 32 per cent and an ROCE of 30 per cent. As of September 2024, the promoters own 51.54 per cent of the company, FIIs own 0.02 per cent, DIIs own 2.14 per cent and the public owns 46.3 per cent. The stock gave multibagger returns of 283 per cent from its 52-week low of Rs 15.04 per share in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.