Consumer electronics stock jumps after it partners with TCI express and 2 other logistics company to strengthen supply chainConsumer electronics stock jumps after it partners with TCI express and 2 other logistics company to strengthen supply chain

Introduction:

Fast-growing consumer electronics brand has partnered with top logistics companies to enhance its supply chain. These collaborations aim to streamline logistics, optimize delivery timelines, and improve product availability, ensuring faster and more efficient service nationwide.

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Share price movement of Cellecor Gadgets:

On December 10, 2024, Cellecor Gadgets Ltd opened at ₹56.25, up 0.63% from its previous close of ₹55.65. The stock reached a high of ₹56.25 and a low of ₹55.20. By 10:39 AM, it traded at ₹56.00, with a market cap of ₹1,219 crore.

Cellecor strengthens logistics partnerships:

Cellecor Gadgets Limited has partnered with TCI Express, DTDC Express, OM Logistics, and Express Roadways to strengthen its supply chain. These collaborations will help streamline logistics and improve product availability across India, enhancing customer experience nationwide.

The strategic alliances aim to optimize delivery timelines, improve inventory management, and boost operational efficiency. TCI Express contributes its vast network of over 40,000 locations and advanced sorting facilities, ensuring timely deliveries across India.

DTDC Express brings its extensive channel partner network, covering 14,300+ pin codes, handling over 170 million parcels annually. These partnerships help Cellecor meet rising consumer demand with reliability and speed.

Recent news on Cellecor Gadgets:

As of November 26, 2024, Cellecor Gadgets Limited announced the launch of its new sound systems series, featuring wireless speakers and premium soundbars. The collection, designed for diverse audio preferences, promises superior sound quality and innovative features for various occasions.

Stock performance of Cellecor Gadgets for Period of 1 week, 6 months and 1 year:

Cellecor Gadgets Limited has shown strong performance, with a 1.64% return over the past week. Over six months, it achieved an impressive 133% return, while its one-year return stands at 122%, reflecting consistent growth and robust market performance.

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Shareholding pattern of Cellecor Gadgets:

All values in %	Sep 2024	Mar 2024
Promoter	51.50%	51.50%
FII	0.00%	0.80%
DII	2.10%	3.90%
Public	46.30%	43.80%

About Cellecor Gadgets:

Cellecor Gadgets Limited (NSE: CELLCOR) is a leading consumer electronics brand, offering a wide range of innovative products, including smart TVs, mobile phones, wearables, and home appliances, focusing on quality and affordability since 2012.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.