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Updated Dec 25, 2024 19:30 IST
The stock has surged 575 percent over the past three years.
Article Highlights
- The stock in question is Cellecor Gadgets, a prominent consumer electronics brand.
- The firm has recently confirmed a partnership with Moglix, Asia’s largest and swiftly expanding B2B commerce firm.
- Moglix serves over 1,000 enterprise clients and exports products to more than 120 countries.
According to the NSE website, the company had divided the face value of its shares in a 10:1 ratio, implying that each share became 10 separate shares. After the split, the stock price adjusted to below Rs 100.
Cellecor Partners With Moglix
The company has recently revealed a collaboration with Moglix, the largest and fastest-growing B2B commerce platform in Asia. This partnership aims to enhance the reach and deliver its innovative selection of gadgets and appliances to a wider audience through Moglix’s expansive B2B and B2C e-commerce ecosystem.
Moglix has over 1,000 enterprise clients and exports to more than 120 nations.
“The alliance aligns seamlessly with Cellecor’s objective to provide value-for-money and dependable consumer electronics to all households and businesses. Leveraging Moglix’s extensive network and digital commerce capabilities, Cellecor products will now be within reach of a varied audience, including large enterprises as well as small and medium-sized firms,” the company stated in an announcement.
Cellecor Share Price
In Tuesday’s trading session, Cellecor Gadgets shares closed stable at Rs 62.10.
The NSE-listed stock has gained 91 percent in the last six months, more than doubling investors’ money in a year, resulting in an astonishing return of 130 percent.
The stock has climbed 575 percent in the past three years. An investment of Rs 1 lakh in Cellecor Gadgets shares three years ago would now be valued at Rs 5.75 lakh.
According to the shareholding structure, the promoters hold a majority stake of 49.64 percent as of the end of October. Foreign Institutional Investors (FIIs) possess nearly a 3 percent stake in the company.
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