Under Rs 40 Multibagger Stock In Focus As Company Bags Rs 10 Million Order For This Season's Big Billion Sale On Flipkart And Announces Strategic Alliance With Cred
The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 8.82 per share.
Today, shares of Cellecor Gadgets Limited surged 4.80 per cent to Rs 36 per share from its previous closing of Rs 34.35. The stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 8.82 per share.
Cellecor Gadgets Limited, a leading innovator in consumer electronics, has secured a significant order of 7,000 units, valued at approximately Rs 10 million, for this season's Big Billion Sale on Flipkart. This accomplishment underscores the company's strong market presence and the high demand for its cutting-edge products. To further enhance its digital footprint, Cellecor has formed a strategic alliance with Cred, a prominent fintech enterprise known for its high-end credit card payment solutions.
To spearhead its e-commerce expansion, Cellecor has appointed Chetan Sehgal as its E-commerce Head. With his MBA from IIM Ranchi, Sehgal brings a wealth of expertise to the role. Under his leadership, Cellecor is poised to significantly grow its online presence and capture a larger share of the digital market. Sehgal's aggressive strategy involves ramping up digital advertising, enhancing website functionality, and leveraging data insights for targeted marketing.
Cellecor's commitment to capturing the e-commerce market is evident in its recent efforts. The company has assembled a senior team specializing in online business to refine its digital strategy. By focusing on these key initiatives, Cellecor aims to boost its online visibility and drive substantial growth in the e-commerce arena. The company is also targeting a significant increase in revenue during the upcoming festive season, aiming to achieve Rs 50 crore in sales. With Chetan Sehgal at the helm of its e-commerce operations, Cellecor is well-positioned to innovate, elevate its brand presence, and succeed in the competitive digital marketplace.
With 8 years of leadership experience, Chetan Sehgal excels in driving growth and optimizing e-commerce platforms. As the architect behind Cellecor Gadgets Limited's success on Flipkart, he has significantly boosted sales and customer satisfaction through his strategic expertise.
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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, 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.
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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