Upper Circuit & 52-Week High Alert: Multibagger Penny Stock Under Rs 55, Rockets Over 500 Per Cent From 52-Week Low
The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 8.82 per share in just 1 year.
Today, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to an intraday high of Rs 54.90 per share from its previous closing of Rs 52.30. The stock also made a new 52-week high of Rs 54.90 per share and its 52-week low is Rs 8.82 per share. The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 8.82 per share in just 1 year. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.
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.
Cellecor Gadgets Limited is set to redefine luxury home entertainment with the launch of its premium range of smart TVs. Catering to the discerning tastes of customers in Tier 1 metro cities, these new models, available in 75", 86", and 98" sizes, mark Cellecor's strategic entry into the high-end market. Building upon the success of its models in tier 2 and tier 3 cities, the company aims to deliver an unparalleled blend of cutting-edge technology and sophisticated style. Each model is meticulously crafted to offer immersive sound and incredibly sharp 4K visuals, transforming your living room into a cinematic haven. To ensure seamless access to these high-end smart TVs, Cellecor has formed strategic alliances with renowned retail giants, making it convenient for tech-savvy consumers to explore and purchase these premium products.
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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 117 per cent and an ROCE of 84 per cent. As of March 2024, the promoters own 51.54 per cent of the company, FIIs own 0.77 per cent, DIIs own 3.91 per cent and the public owns 43.78 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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