Cellecor Gadgets Soars: SME Stock Hits 5% Upper Circuit After OSIA Hyper Retail Partnership Announcement

Cellecor Gadgets’ stock price hit the 5% upper circuit at ₹54.40 per share on Tuesday after the company announced a new business partnership with OSIA Hyper Retail. Cellecor Gadgets is a small and medium enterprise (SME) stock listed on the NSE Emerge platform.

Cellecor Gadgets, known for its consumer electronics, has teamed up with OSIA Hyper Retail to sell its appliances and smart gadgets through OSIA Hypermart’s large retail network in Gujarat. OSIA Hypermart operates more than 43 stores in over 15 cities across Gujarat, with a total retail space of over 7.11 lakh square feet.

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In its statement on October 7, Cellecor Gadgets said, “This partnership gives Cellecor a great opportunity to reach more customers and offer its high-quality, affordable gadgets and appliances to a wider audience in Gujarat.”

The company also expects its business in Gujarat to cross ₹100 crore in the next 12 months as a result of this partnership.

Cellecor Gadgets sells a range of products, including mobile phones, smart TVs, speakers, soundbars, neckbands, TWS earbuds, smartwatches, and washing machines.

Cellecor Gadgets made its stock market debut in September 2023, with shares listed at ₹92 per share, the same as its IPO issue price. The company had split its shares in August 2024 in a 1:10 ratio.

As of 2:50 PM on Tuesday, the shares of Cellecor Gadgets were still locked at the 5% upper circuit at ₹54.40 per share on the NSE SME.