Stock Market News: Cellecor Gadgets Stock Trades High in Choppy Market, Gains Over 6 Percent

Stock Market News: Cellecor Gadgets which is one of trusted and affordable electronics brands, shares traded higher on Wednesday even as the market declined tracking weak global cues. The shares gained over 6 per cent to touch an intraday high of Rs 181.90 today following an announcement that it has signed actor Varun Dhawan as the face of its cutting-edge Smart TV offerings.

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“We are excited to have Varun Dhawan on board as brand ambassador for our range of Smart TV offerings. This association will redefine the Smart TV market,” Ravi Agarwal, founder and MD, Cellecor Gadgets, said in a statement.

Cellecor Gadgets is a Delhi-based company engaged in electronics device business, selling products in its own brand, including mobile feature phones, smartwatches, TWS and more.

It serves over 100 million users across the country with an extensive retail presence along with a strong presence on leading e-commerce platforms.

The IPO of the company was issued in September this year. The funds raised through IPO, according to a statement, will be used by the company to expand its presence further and enhance offerings in the market. Being an MSME enterprise, its shares are listed on the Emerge platform of the National Stock Exchange (NSE).