Shares of Cellecor Gadgets Surged After Company Announces Partnership For Smart TVs

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.

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.

Recently, Cellecor Gadgets informed Indian stock market exchanges about the stock split approval, saying, "We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. Wednesday, 26th June 2024, at the Registered office of the Company situated at Unit No. 703, 7th Floor, Jaksons Crown Heights, Plot No. 3BI Twin District Centre, Sector 10 Rohini, Rithala, North West Delhi, Delhi-110085, inter-alia, considered and approved Sub-division/split of company's 1 (one) Equity Share having face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re.1/- each, subject to the approval of shareholders and such other approvals as may be required."

Shares of Cellecor Gadgets were listed at the SME platform of NSE in September 2023 as the SME player raised Rs 50.77 crore via IPO route by selling its shares for Rs 92 apiece. The stock has surged about 240 per cent from its issue price so far.

Cellucor Gadgets, Incorporated in 2020, is engaged in the procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, and neckbands. It has three business verticals- entertainment and communication, peripherals and modern accessories.

Cellucor Gadgets has more than 1200 service centers, and more than 800 distributors associated with it. Its products are also present at over 24,000 retail stores with more than 300 ranges of products and 100 million users across the country through offline and online channels.