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Updated Dec 27, 2024 11:18 IST
Cellecor Gadgets announces partnership with Dixon Tech (Pic: iStock/ ET NOW)
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.
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 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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