10:1 Stock Split: Multibagger Consumer Electronic Company Partners with Hello Mobiles to Expand Retail Footprint in Telangana – Stock Hits Upper Circuit Today!
The company’s shares have delivered a multibagger return of over 230 per cent to its shareholders in just 6 months.
Cellecor Gadgets Ltd announced two strategic collaborations to expand its market presence and distribution network. The company has partnered with Hello Mobiles to strengthen its retail footprint in Telangana and Andhra Pradesh, and with Comexcell Technologies to extend its distribution reach in Uttar Pradesh.
Through its collaboration with Hello Mobiles Pvt. Ltd., one of South India’s leading and trusted retail chains, Cellecor Gadgets will significantly increase the availability of its diverse product range in Telangana and Andhra Pradesh. Customers will now have direct access to Cellecor’s Smart TVs, smart gadgets, mobile phones, and home appliances at Hello Mobiles retail outlets.
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Operating under the brand name Happi Mobiles, Hello Mobiles Pvt. Ltd. has a growing network of over 100 stores in these regions, offering a wide range of mobile phones, accessories, consumer electronics, and home appliances from leading brands. Known for its customer-centric approach, Happi Mobiles has established itself as a key player in the electronic retail space and continues to expand its presence.
This partnership reflects a shared commitment between Cellecor Gadgets and Hello Mobiles to innovation, quality, and customer satisfaction. It will allow Cellecor to reach a broader customer base, particularly those who prefer the in-store experience of seeing and testing products before purchasing. The collaboration ensures easier access to Cellecor’s latest offerings across Telangana and Andhra Pradesh through Happi Mobiles' extensive retail network.
On Tuesday, the shares of Cellecor Gadgets Ltd hit the upper circuit and closed the day at around Rs 57.60 per share on the NSE. The company’s current market capitalization stands at Rs 1207 crore. Additionally, the shares have delivered an impressive multibagger return of over 230 per cent in the past 6 months.
The company doesn’t declare Quarterly Results, as per half yearly results in March 2024, Cellecor Gadgets Ltd recorded a revenue of Rs 291 crore compared to Rs 151 crore. The operating profit stood at Rs 17 crore. The net profit stood at Rs 9 crore compared to a profit of Rs 5 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.