The stock market is undergoing the pressure of higher levels. A high valuation is a major concern on the market. Investors are focusing on stocks that have the potential to grow and aren’t affected by market volatility.
A stock recently listed on the market is now at the forefront of attention, and has seen the price go up by a whopping from Rs 15 to Rs 49 in just a few months.
The name of the stock is Cellecor Gadgets. The price of the share is Cellecor Gadgets Ltd, a firm that offers electronic products is a hot topic in the markets these days.
And in the last six days, there’s been an upward trend within this stock. The price of the share that is Cellecor Gadgets reached the level of Rs 52.05 after a gain of 5 percent throughout Tuesday.
Because of the constant upper circuit, this stock has reached its 52-week high. When it reaches this level, it could be possible to see a new break out in the stock.
The market capitalization that the business has is 1,000 crore rupees (991Cr) and its net income is growing every year.
The top products offered by Cellecor Gadgets include smart TVs, smart watches, headphones, smartphones, etc. One of the benefits of the company is the fact that it earns profits that will continue to grow.
When we examine its performance on equity it’s at 117 percent which is a very high percentage. The company sold more than Rs 500 crore during the last quarter when its operating profits were 30 percent.
In the past 6 months, the stock has provided an average return of 450 percent to its investors. The stock has risen from a low of just Rs 15 in March 2024, to reach the price of Rs 49.
At this time, the stock was constantly making higher highs.
Cellecor Gadgets is a recently listed stock and was released on September 28, 2023. The price band ranged from Rs 87 and Rs 92.
This stock is not far from its price range. But, there has been a steady flow of buyers in the stock from lower levels, and the company’s growing earnings are beginning to show in the price of shares.
The price action on the daily chart has reached higher levels and the firm’s fundamentals are also gaining strength.
Quick Fact
| Company name | Cellecor Gadgets |
|---|---|
| Products Offered | Smart TVs, Smart watches, headphones, smartphones |
| Market capitalization | ₹1,000 crore (₹991Cr) |
| Operating profit | 30% |
| Recent share price increase | ₹15 to ₹49 in a few months |
| Latest price | ₹52.05 |
| Listing date | September 28, 2023 |
| Listing price band | ₹87 – ₹92 |
| Return (last 6 months) | 450% |
| Recent growth trend | Higher highs |
| Performance on equity | 117% |
| Revenue (last quarter) | ₹500 crore |
| Expected breakout | Possible new breakout soon |
| Net income trend | Growing every year |
| Buyers | Steady flow from lower levels |
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