SME Stock Gains 170% In 3 Months of Listing: Do You Own?

On Tuesday, amid positive market mood, shares of Cellecor Gadgets Ltd were trading 5% higher at Rs 252. The SME stock, which debuted on the NSE SME Emerge on September 28, 2023, at a price of RS 92 per share, is the talk of the town these days. In less than three months, the stock has surged to a price of RS 252 per share, generating a return of almost 173% over its listing price.

Cellecor Gadgets Financials

In the first half of 2023 which ended in September, Cellecor Gadgets recorded a year-on-year (YoY) increase in net profit of more than 108% to Rs 7.02 crore. In the corresponding quarter of the previous fiscal year, the company's net profit was Rs 3.37 crore. The second half of the previous fiscal year had a net profit of Rs 4.70 crore for the organisation. Its sales in the first half of the current financial year increased by 85% YoY to Rs 209.65 crore. The revenue from operations for H1FY23 was Rs 113.53. The company's sales for the six months that ended on March 31, 2023, was Rs 150.82 crore.

Cellecor Gadgets Stock Price Trend Post IPO

The book-built Rs 50.77 crore Cellecor Gadgets IPO was a completely fresh issue of 55.19 lakh shares. Bidding for Cellecor Gadgets' initial public offering (IPO) began on September 15, 2023, and ended on September 20, 2023. The price band for the Cellecor Gadgets IPO was fixed at Rs 87 to Rs 92 per share. The shares were listed on September 28, 2023, on NSE SME. The share price of Cellecor Gadgets opened higher today amid an uptrend on Dalal Street and reached an intraday high of Rs 263.50 per share on the NSE, representing an 187% rise over the company's listing price.