180% return in 3 months: Do you own this multibagger stock?

Cellecor Gadgets Share Price NSE: Shares of Cellecor Gadgets Ltd jumped over 9 per cent on Tuesday to hit an intraday high of Rs 263.50. The scrip had closed at Rs 241.45 in the last trading session. 

The SME stock, which got listed on NSE SME Emerge at Rs 92 apiece level on September 28, 2023, has given a return of around 180 per cent against its listing price in less than three months. 

Cellecor Gadgets Limited, a Delhi-based company, manufactures electronics devices including mobile feature phones, smartwatches, TWS (True Wireless Stereo) earbuds, neckbands, and LED TVs.

The company recently started selling its products through online channels like Amazon, Flipkart etc. It also signed Bollywood actor Varun Dhawan as a brand ambassador for its TVs.

Earlier, Cellecor Gadgets reported over 108 per cent rise in the net profit on a year-on-year (YoY) basis to Rs 7.02 crore in the first half ended September 2023. The company had reported a net profit of Rs 3.37 crore in the same period previous financial year. The company's net profit stood at Rs 4.70 crore in the second half of the previous fiscal.

Cellecor Gadgets' revenue from operations jumped 85 per cent on YoY comparison to Rs 209.65 crore in the first half of the ongoing financial year. Its operational income stood at Rs 113.53 in the same period a year ago. Its revenue from operations came in at Rs 150.82 crore for the six months ended March 31, 2023.