{"id":132840,"date":"2024-09-06T11:58:56","date_gmt":"2024-09-06T06:28:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132840"},"modified":"2024-09-06T12:02:05","modified_gmt":"2024-09-06T06:32:05","slug":"stock-hits-5-upper-circuit-after-strategic-partnership-with-pg-electroplast","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-strategic-partnership-with-pg-electroplast\/","title":{"rendered":"Stock hits 5% upper circuit after strategic partnership with PG Electroplast\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2622777525\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more hit a 5 percent upper circuit in the day\u2019s trade following strategic partnership with PG Electroplast&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3246451711\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Price Action&nbsp;<\/strong><\/p><p>With a market capitalization of Rs. 990 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CELLECOR\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Cellecor Gadgets Limited<\/a><\/strong> hit a 5 percent upper circuit at Rs. 47.25 per equity share, from its previous day\u2019s close price of Rs. 45. It has recently completed a stock split of 1:10.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Cellecor Gadgets Limited has entered into a strategic partnership with PG Electroplast Limited. Through this collaboration, PG Electroplast will serve as the manufacturing partner for Cellecor&#8217;s new range of air conditioners and coolers, representing a significant expansion of Cellecor&#8217;s product offerings.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2660404923\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/monopoly-stock-jumps-7-after-it-expands-business-to-highway-dining\/\" target=\"_blank\" rel=\"noreferrer noopener\">Monopoly stock jumps 7% after it expands business to highway dining<\/a><\/strong>\u00a0<\/p><\/blockquote><p>This partnership will leverage PG Electroplast&#8217;s state-of-the-art manufacturing facilities and expertise to rapidly scale up the production of ACs and coolers, with Cellecor&#8217;s innovative product design, aiming to enhance production efficiency and deliver high-quality, energy-efficient cooling solutions to the Indian market.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Cellecor Gadgets Limited is engaged in the business of manufacturing, procurement, branding, and distribution of televisions, mobile phones, Smart Wearables, mobile accessories, smart watches, neckbands, and many more.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its Revenue from operations grew by 89 percent YoY from Rs. 264 Crores in FY23 to Rs. 500 Crores in FY24, accompanied by profits of Rs. 8 Crores to Rs. 16 Crores.&nbsp;<\/p><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/stock-under-70-hits-5-upper-circuit-after-entering-into-jv-for-3-highway-projects-worth-1057-cr\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock under \u20b9 70 hits 5% upper circuit after entering into JV for 3 highway projects worth \u20b9 1,057 Cr<\/a><\/strong><\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 17.89 percent and a return on capital employed (ROCE) of 32.20 percent. It has reported a high debt-to-equity ratio of 0.83.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3059662179\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-791748916\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more hit a 5 percent upper circuit in the day\u2019s trade following strategic partnership with PG Electroplast&nbsp; Price Action&nbsp; With a market capitalization of Rs. 990 Crores, the shares of Cellecor Gadgets Limited hit a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13683,22256,13682,948,936],"class_list":["post-132840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cellecor-gadgets-latest-news","tag-cellecor-gadgets-partnership-with-pg-electroplast","tag-cellecor-gadgets-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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