Categories: Entertainment

“Unleashing Potential: Multibagger Stock Soars 104% in Just 6 Months After Game-Changing Dixon Tech Alliance!”


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Updated Dec 27, 2024 11:18 IST

Cellecor Gadgets announces partnership with Dixon Tech (Pic: iStock/ ET NOW)

Multibagger Stock : Shares of the consumer electronics firm Cellecor Gadgets surged 5 percent today, reaching the upper circuit limit after the announcement of a partnership with Dixon Electro Manufacturing Private Limited (DEMPL), a fully owned subsidiary of Dixon Technologies .

Dixon Technologies stands as a frontrunner in electronic manufacturing services (EMS).

The stock began with a gap upward, gaining 5 percent to hit the day’s upper price limit of Rs 64.25. Around 7.20 lakh shares were exchanged before trading in the stock was paused. Shares of Cellecor Gadgets are performing above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Collaboration With Dixon Tech

According to the partnership details, a subsidiary of Dixon Technologies will manufacture a variety of refrigerators for Cellecor Gadgets, a statement indicated.

Dixon Technologies is recognized as the largest domestically-oriented design-focused and solutions provider engaged in manufacturing offerings in the consumer durables and mobile phone sectors in India. It has a diverse product range that includes consumer electronics, home appliances, lighting solutions, mobile devices, wearables, and hearables among others.

Based in Delhi, Cellecor Gadgets is classified as a smallcap entity with a market valuation of Rs 1332 crore.

According to analytics, the smallcap stock has more than doubled investors’ capital in only 6 months, delivering a return of 104 percent. Over the course of a year, the stock has surged by 115 percent. The stock has skyrocketed an astounding 598 percent since its market introduction in September 2023.

According to the NSE website, Cellecor Gadgets executed a share split in August at a ratio of 10:1, meaning each share with a face value of Rs 20 was divided into 10 shares of Re 1. This marked the company’s first stock split since its listing.

(Disclaimer: The aforementioned article is intended for informational purposes solely, and should not be regarded as any investment advice. ET NOW DIGITAL urges its readers/audience to consult with their financial advisors prior to making any financial decisions.)

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