Multibagger NSE Stock Launches M Series Smart Watches, Do You Own?

NSE listed Electronics device company Cellecor Gadgets, which sells products in its own brand, has launched M Series smartwatches, according to its press release. The smartwatch features a retina AMOLED display along with a health suite, wellness companion, and others. These smartwatches have been priced between Rs 1,200 to Rs 3,500, added the company's press release.

Last trading price of NSE listed Cellecor Gadgets share is Rs 295.00 per share with intraday fall of 1.80%. Cellecor Gadgets shares gave return of 35% in last 1-month. Check details below:

Cellecor Gadgets Stock Performance & Return: The stock's 52-week high price is Rs 355 per share and 52-week low price is Rs 88.15 per share, respectively. Cellecor Gadgets shares gave return of 193% in last 3-months.

Cellecor Gadgets Launches Range of Products: The company has also launched a range of products including a 50-inch Smart TV, ZPDQC 24W Charger, headphones, feature phones and others. On Friday, shares of Cellecor Gadgets Limited declined 5.08% to Rs 302 per share from its previous closing of Rs 318.15. The stock falls under the SME segment.

Cellecor Financials: According to the half-yearly results, the net sales increased by 85% to Rs 209.66 crore, operating profit increased by 157% to Rs 12.74 crore and net profit jumped by 108% to Rs 7.02 crore in H1FY24 compared to H1FY23. According to annual results, the net sales increased by 118% to Rs 264 crore and net profit increased by 300% to Rs 8 crore in FY23 compared to FY22.

The company's IPO was listed on September 28, 2023 on the stock exchanges. The price band was Rs 87 to Rs 92 per share and the lot size was 1200 shares. As of September 2023, the promoters of the company own a 51.54% stake, FIIs own 4.41% DIIs own 6.05% and the rest 38% is owned by the public.

Disclaimer: The stock highlights the product launch and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.