190 Per Cent Returns From 52-Week Low: Multibagger Penny Stock Under Rs 65 Jumps Over 5 Per Cent Today; Do You Own It?
The stock gave multibagger returns of over 190 per cent from its 52-week low of Rs 20.90 per share.
On Friday, shares of Cellecor Gadgets Limited jumped over 5 per cent to Rs 60.85 per share from its previous closing of Rs 57.95 per share. The stock’s 52-week high is Rs 81.50 per share and its 52-week low is Rs 20.90 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.
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 Rs 20.71 crore and net profit of Rs 16.09 crore.
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Cellecor Gadgets Limited has successfully completed the full redemption of its 250 Unlisted, Secured, Redeemable, Partly Paid, Non-Convertible Debentures Series – RX2, amounting to a total of Rs 2.5 Crore under Charge ID 100788817, as per SEBI regulations. Looking ahead, the company has scheduled a significant Board of Directors meeting on Wednesday, April 16, 2025, in Delhi, where key agenda items include the review and approval of the audited financial results for the half-year and full financial year ending March 31, 2025, alongside the Auditor's Report. Furthermore, the Board will deliberate on a comprehensive business growth plan for the upcoming quarters, encompassing expansion strategies, market opportunity evaluation, and competitive analysis, and will also consider raising up to Rs 100 Crores through the issuance of securities, subject to necessary approvals.
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 over 190 per cent from its 52-week low of Rs 20.90 per share.
Disclaimer: The article is for informational purposes only and not investment advice.