10:1 Stock Split: Multibagger consumer electronics company announces strategic partnership with Samsung; details inside!

The stock gave multibagger returns of 258 per cent from its 52-week low of Rs 88.15 per share.

Today, shares of Cellecor Gadgets Limited hit a 5 per cent upper circuit to Rs 315.60 per share from its previous closing of Rs 300.60. The stock gave multibagger returns of 258 per cent from its 52-week low of Rs 88.15 per share. A small and medium enterprise (SME) stock is being traded in a lot of 1,200 shares. At a price of Rs 315.60 per share, the total cost of this lot is Rs 3,78,720.

Indian consumer electronics leader Cellecor Gadgets Limited announces a major upgrade for their Smart TVs. They're partnering with Samsung to integrate the Tizen OS, known for its stability and features. This Linux-based system goes beyond just watching TV, offering over 600 free apps directly on the screen. You'll be able to mirror content from other devices, use voice assistants, and connect to smart home devices with SmartThings integration. Sharing files and media becomes seamless, while features like a compatible sound system and voice control through the One Remote elevate your home entertainment experience.

Cellecor's Tizen OS TVs go beyond entertainment, transforming into smart home hubs. The system connects seamlessly with Android and iOS devices, letting you control your smart home from the TV. This partnership is facilitated by Samsung's Indian licensing partner, Ekkaa Electronics, making Cellecor an approved Tizen OS brand. This ensures high-quality, innovative Smart TVs for Cellecor customers. Additionally, Samsung will provide marketing support tailored to Cellecor's needs, along with robust after-sales service to guarantee prompt and efficient customer care.

Additionally, Cellecor Gadgets Ltd informed that the Board of Directors of the Company has announced a 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 Board fixed the record date for the stock split as Friday, August 09, 2024.

Also Read: Debt-free multibagger penny stock at Rs 31.56 hit back-to-back upper circuits & 52-week highs: Board announces 10:1 stock split; Scrip trades at low PE & high ROE

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 a wide range of 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.

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.