348.5 Per Cent Multibagger Returns From 52-Week Low: Penny Stock Under Rs 70 Hit Upper Circuit Today; Here’s Why

The stock gave multibagger returns of 348.5 per cent from its 52-week low of Rs 15.04 per share in just 1 year.

On Monday, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 67.45 per share from its previous closing of Rs 64.25 per share. 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 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.

Recent Update: Cellecor Gadgets Limited has forged a strategic alliance with Dixon Electro Manufacturing Private Limited to expand its home appliance offerings. This partnership will see the introduction of a premium line of refrigerators manufactured by DEMPL at their state-of-the-art facilities. This collaboration leverages DEMPL's expertise and aligns with Cellecor's commitment to providing high-quality, value-driven products that cater to the evolving demands of the Indian consumer market.

Dixon Technologies (India) Limited, a leading name in electronics manufacturing, possesses a diverse portfolio spanning consumer electronics, home appliances, lighting, mobile phones, and more. Renowned for its commitment to quality standards, ethical practices, and customer satisfaction, Dixon is a preferred partner for numerous industry players. This collaboration will utilize Dixon's ISO-certified manufacturing plants, ensuring Cellecor refrigerators meet stringent quality and durability standards.

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 October 2024, the promoters own 49.64 per cent of the company, FIIs own 2.92 per cent, DIIs own 1.54 per cent and the public owns 45.90 per cent. The stock gave multibagger returns of 348.5 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.