Small-Cap Sensation: Cellecor Gadgets Stock Soars to Record High After Strategic Tie-Ups in Key Markets

Shares of Cellecor Gadgets went up by 5% on Wednesday, September 17, reaching a new high after the company announced important collaborations with Hello Mobiles and Comexcell Technologies.

Cellecor Gadgets said in a statement that it has teamed up with Hello Mobiles Pvt Ltd to expand its retail presence in Telangana and Andhra Pradesh, and with Comexcell Technologies to boost its distribution network in Uttar Pradesh.

Stock Price Trend

The stock increased by 5% to ₹54.9 during the day. Cellecor Gadgets had a quiet start on the NSE SME when it listed at ₹92 on September 28, 2023. After that, the stock went through a correction, dropping more than 40% from its initial price. However, it has bounced back, rising over 72% so far in 2024.

In September alone, Cellecor’s stock has risen by more than 62%, marking four straight months of growth. It went up by 11% in August, 3% in July, and 23% in June. Before that, it had a rough time, dropping 9% in May after a big rally of 35.5% in April. The stock also saw losses in the first three months of the year, with a 29% fall in March, a 2% drop in February, and a 9.5% decline in January.

Strategic Collaboration

Cellecor Gadgets has made two key partnerships to grow its market reach. The company has joined hands with Hello Mobiles Pvt Ltd to expand its presence in Telangana and Andhra Pradesh. With this partnership, Cellecor’s products, including smart TVs, gadgets, mobile phones, and home appliances, will be available in over 100 Happi Mobiles stores.

Cellecor also teamed up with Comexcell Technologies to improve its distribution in Uttar Pradesh. Through Comexcell’s network of 2,000 dealers, Cellecor aims to strengthen its reach and boost its regional presence.

Founded in 2012 by Ravi Agarwal, Cellecor Gadgets has become a leading player in the consumer electronics market, offering affordable products such as mobile phones, smart TVs, speakers, soundbars, and washing machines. The company is known for its innovation and wide range of technology products.