More than 200% return in 5 months: This stock is in focus as the company plans store expansion
The Nifty gained 157.70 points or 0.72 percent to close at 21,929.40, driven by gains in BPCL, HDFC Life and HCL Tech.
Share market news: Shares of Cellecor Gadgets hit an intraday high of Rs 316 on Tuesday, February 6. This is a gain of almost 10 percent from the previous closing price of Rs 287.50. Shares of Cellecor Gadgets were trading at the level of Rs 96.60 on September 28 and from then on, investors have made a record return of over 200 percent so far. Shares of Cellecor Gadgets, which has a market capitalization of around Rs 620 crore, have a 52-week high of Rs 355.
Cellecor Gadgets has informed the stock market that it has opened exclusive brand stores in Bhopal, the capital of Madhya Pradesh and Union Territory Andaman and Nicobar.
The company plans to open exclusive brand stores in many more cities of the country.
Cellecor Gadgets has said the company is working on a plan to open more franchise model stores across the country. Selicor Gadgets is involved in the purchasing, branding and distribution of televisions, mobile phones, smart variables, mobile accessories, smartwatches and net bands.
The company has a network of more than 1,200 service centers and more than 800 distributors. The company's gadgets and products are available in more than 24,000 stores across the country. The company has more than three hundred products sold under its flagship brand Selicor.
Meanwhile, benchmark indices Sensex and Nifty rebounded nearly 1 percent on Tuesday after buying in IT giants TCS and Infosys, foreign fund inflows and positive global trends.
After a strong opening, the 30-share BSE Sensex climbed 454.67 points or 0.63 percent to 72,186.09. As many as 19 Sensex stocks rose and 11 fell. During the day, the barometer rose by 529.98 points or 0.73 percent to 72,261.40.
The Nifty gained 157.70 points or 0.72 percent to close at 21,929.40, driven by gains in BPCL, HDFC Life and HCL Tech.
Disclaimer: The article is for information purposes only and not for investment advice.