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Updated Jan 21, 2025 11:05 IST
Multibagger Stock: 111% RETURNS in 1 year! Company launches 1010 NCDs (Pic: Shutterstock/ ET NOW)
The stock went on to peak at Rs 65.45, rising by 1 percent in early transactions. By 11 AM, the stock traded in the negative with a decline of 2.78 percent at Rs 63. Cellecor Gadgets shares are currently trading above the 50-day, 100-day, and 200-day moving averages but below the 5-day and 20-day moving averages.
The company has disclosed through a filing that it has sanctioned the release of 1010 Series RX5 Unlisted, Secured, Partly Paid, and Redeemable Non-Convertible Debentures (NCDs) with a nominal value of Rs 1,00,000 (Rs 1 lakh) each, at par, totaling up to Rs 10,10,00,000 on a private placement basis.
Based in Delhi, Cellecor Gadgets, established in 2020, is involved in the procurement, branding, and distribution of electronic and consumer durable products. It had launched its IPO in September 2023 and offered shares at Rs 92 each. The public issue was a significant success as its shares provided multibagger returns upon listing.
Back in August 2024, the company declared the division of equity shares or stock split. The stock split became effective in a 10:1 ratio, meaning each share with a face value of Rs 10 was divided into 10 new shares of Re 1 each.
According to exchange statistics, Cellecor Gadgets shares have yielded a multibagger return of 111 percent over the past year. The company holds a market capitalization of Rs 1,411 crore.
(Disclaimer: The above article is for informational purposes only and should not be interpreted as any investment recommendation. ET NOW DIGITAL advises its readers/audience to consult their financial advisors prior to making any money-related decisions.)
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