Introduction:
Leading mobile and tech firm has entered into a strategic agreement with TPV Audio and Visual Technology (Shenzhen) Co Ltd to exclusively manufacture and distribute Philips-branded mobile phones, tablets, and other products in India, strengthening its market presence.
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Share price movement of OSEL:
On January 21, 2025, Osel Devices Limited opened at ₹298.00, up 4.52% from its previous close of ₹285.10. The stock reached a high of ₹299.35 (5.00%) and a low of ₹288.00. By 4:00 PM, it traded at ₹296.60, a 4.06% increase, with a market cap of ₹482.83 crore.
Osel Devices Partners with TPV for Philips Brand:
Osel Devices Limited has entered into a Strategic Cooperation Agreement with TPV Audio and Visual Technology (Shenzhen) Co. Ltd., which is authorized by Koninklijke Philips N.V. to manufacture and distribute mobile phones, tablets, and other devices under the Philips brand in India.
This partnership will enable Osel Devices to manufacture and distribute feature phones, smartphones, and tablets (Android and Windows) in India, under the “Philips” name. The collaboration aims to enhance Osel Devices’ presence in the rapidly growing Indian market.
With India being the second-largest mobile phone manufacturer globally, this agreement presents a significant opportunity for Osel Devices to tap into the growing demand for mobile phones and electronic products.
Stock performance of OSEL for Period of 1 week and 1 month:
Osel Devices Limited has experienced a -3.21% return over the past week, while showing a remarkable 37.7% return over the past month. This highlights a strong recovery and positive momentum in its stock performance during the recent period.
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Shareholding pattern of OSEL:
| All values in % | Sep 2024 |
| Promoter | 71.50% |
| FII | 4% |
| DII | 5.90% |
| Public | 18.50% |
About OSEL:
Osel Devices Limited (NSE: OSELDEVICE) was incorporated in 2006, initially as Innovative Infratech Solutions. The company manufactures LED display systems and advanced hearing aids. It serves sectors like advertising, healthcare, and corporate spaces, with a focus on assisting disabled individuals.
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.
