Shares of Cellecor Gadgets Limited rose 2.56% to trade at ₹64.00 on Wednesday after the company announced a strategic partnership with EPACK Durable Private Limited. The collaboration aims to enhance Cellecor’s air conditioner portfolio, strengthening its presence in the fast-growing consumer electronics market.
EPACK Durable, a renowned Original Design Manufacturer (ODM) and Original Equipment Manufacturer (OEM), will manufacture a range of premium Cellecor-branded air conditioners. The models will include 1-ton, 1.5-ton, and 1.8-ton units, featuring cutting-edge cooling technologies, modern designs, and energy-efficient systems.
Key Highlights of the Partnership:
- Enhanced manufacturing capabilities with EPACK Durable’s state-of-the-art facilities and R&D expertise.
- Focus on energy efficiency and innovative designs for Indian households.
- Alignment with the ‘Make in India’ initiative to deliver high-quality, locally manufactured products.
The announcement has sparked investor optimism, contributing to the stock’s continued upward momentum. Cellecor shares have shown remarkable performance, with gains of 98.57% year-to-date and an all-time increase of 595.65%.
This partnership marks a significant milestone for Cellecor as it aims to strengthen its position in the consumer electronics market, catering to the increasing demand for premium air conditioners with advanced features and robust designs.
