Small-cap stock under ₹50: NSE SME stock jumps despite sell-off in Indian stock market. Here's why

Small-cap stock under ₹50: NSE-listed SME stock Cellecor Gadgets gained during the intraday trade on Tuesday, may 13, despite a strong selloff seen in the Indian stock market today.

Cellecor Gadgets share price movement

Cellecor Gadgets share price opened at ₹43.25 on the NSE on Tuesday. At the time of opening, Cellecor Gadgets share price was higher than the previous day's closing price of ₹24.95. 

The stock thereafter surged to intraday highs of ₹43.90, recording gains of 2%, at a time when the Indian stock market benchmark index Nifty 50 was down 1%. 

Cellecor Gadgets new product launch announcement

The gains in NSE SME stock Cellecor Gadgets came after it informed the National Stock Exchange of India on Monday, May 12, 2025, about the launch of a new range of fully automatic top-load washing machines.

As per the Cellecor Gadgets release, the company is set to expand its product portfolio with the launch of a new range of fully automatic top-load washing machines in May 2025. With a strategic focus on India beyond metros and big urban centres, this launch underscores Cellecor’s commitment to serving the evolving needs of Bharat 2.0, the next wave of consumers driving the country’s transformation, said Cellecor.

The 7 kg and 8 kg capacity models of Cellecor's new line of automatic washing machines, produced in a strategic alliance with Dixon Technologies, are intended to satisfy the laundry requirements of small to medium-sized Indian households, the company added.

These devices provide trustworthy and intelligent solutions and are designed for ease of use, durability, and practicality, as per the release.

The machines are made in India, satisfy the highest quality standards, and are designed to be affordable for a wide range of customers thanks to the collaboration with Dixon Technologies, India's top supplier of electronics manufacturing services, as per Cellecor.

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