Incorporated in 2020, Cellecor Gadgets Limited has swiftly emerged as a prominent player in the tech industry, specializing in the procurement, branding, and distribution of a diverse range of electronic products. From televisions and mobile phones to smart wearables and accessories, Cellecor Gadgets is making waves in the market. With its recent listing on the NSE, investors have witnessed substantial returns, sparking curiosity about the company’s future potential.
Riding the Uptrend: A Closer Look at the Daily Chart
Since its listing in September 2023, Cellecor Gadgets’ stock has been on a relentless uptrend, consistently marking higher highs and higher lows.
What’s particularly noteworthy is the staggering 150 percent surge within just two months. Opening at Rs 92 per share, the stock has catapulted to Rs 260 per share, hinting at the possibility of a breakout. Analyzing the price action reveals that if the stock breaches the crucial value area of 260, a significant breakout may be on the horizon. Even in a consolidation phase, the stock holds the potential for an upward breakthrough.
Financial Triumph: Second Quarter Results FY 2023-24
Cellecor Gadgets reported a remarkable 108 percent YoY increase in net profit, reaching Rs 7.02 crore in the first half of the financial year ending September 2023. This is a substantial leap from the Rs 3.37 crore net profit recorded in the corresponding period of the previous fiscal year. The company’s revenue from operations also witnessed an impressive 85 percent YoY surge, reaching Rs 209.65 crore. These robust financials underscore the company’s growth trajectory and financial stability.
Diversified Product Portfolio and Extensive Distribution Network
Cellecor Gadgets boasts an extensive product portfolio that includes mobile phones, chargers, data cables, neckbands, TWS, power banks, smart LED TVs, smartwatches, soundbars, and speakers. Excitingly, the company is gearing up to introduce innovative products like washing machines, trimmers, and microwaves. With a distribution network comprising 1200+ service centers and 800+ distributors, the company’s products are available in over 24,000 retail stores across India. Catering to both online and offline channels, Cellecor Gadgets has successfully reached more than 100 million users nationwide.
Cellecor Gadgets Ltd has emerged as a compelling investment opportunity in the consumer electronics sector, driven by its impressive financial performance, diversified product portfolio, and robust distribution network. However, investors are advised to exercise due diligence and align their investment decisions with their risk tolerance and financial goals.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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