Smallcap stock specializing in selling consumer electronics jumped up to 4 percent, following the partnership with Zetwerk to produce an advanced range of Google TV, QLED, and Mini LED Smart TVs
Price action
With a market capitalization of 1,281.03 Crores on Thursday, the shares of Cellecor Gadgets Limited trading at Rs. 60.25 jumped 3.5 percent after making a high of Rs 60.95 compared to its previous closing price of Rs. 58.85.
What Happened
Cellecor Gadgets Limited specializing in selling consumer electronics has announced its partnership with Zetwerk, a leading player in electronics manufacturing, to produce an advanced range of Google TV, QLED, and Mini LED Smart TVs, which aligns with Cellecor’s vision of providing innovative, reliable, and technologically superior products that cater to the evolving needs of Indian households.
The new range of Smart TVs will be manufactured at Winsharp Electronics Pvt Ltd which is wholly owned subsidiary of Zetwerk & is having state-of-the-art facility. Winsharp specializes in offering custom OEM and ODM solutions.
This partnership strengthens Cellecor’s commitment to the “Make in India” initiative, enhancing local manufacturing of high-quality consumer electronics. With a focus on innovation and cost efficiency, the collaboration aims to offer sleek, high-performance Smart TVs that meet the growing demand in India.
About the Company
Cellecor Gadgets Limited specializes in selling products in its brand, including Smart TVs, Smart Gadgets, Wearables, Mobile Phones, Home and Kitchen Appliances, and more outsourced from various electronic assemblers and manufacturers.
Make in India Initiatives
Cellecor Gadgets Ltd is committed to strengthening India’s manufacturing capabilities. By partnering with leading Indian manufacturers, PG Electroplast Ltd, Empire Appliances, Noble Moulders, Onkar Engine & Generator (Omega), and EPack Durable Ltd. They ensure the production of high-quality, affordable products that meet global standards.
Financials
The company’s revenue rose by 46 percent from Rs 210 crore to Rs 426 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 7 crore to Rs 15 crore during the same period.
Written by Sridhar J
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