Stock market update: Investors are closely watching shares of consumer electronics company Cellecor Gadgets Limited after the company provided significant information to shareholders in its latest exchange filing after market hours on Tuesday. At the time of writing this report the stock was trading down 0.33% or 0.10 rupees at ₹30.40 on the NSE at 10:13 a.m. The company has a market cap of ₹671.96 crore.

In its latest exchange filing the company announced that it has opened a new regional office in Bengaluru. According to the filing this office will serve as an operational hub for Cellecors businesses in Karnataka Tamil Nadu Telangana Andhra Pradesh and Kerala.

The company said that it is looking at South India as a high-growth market and wants to build a strong presence here by staying closer to its trade partners and customers.

Ravi Agarwal Co-Founder and Managing Director of the company said South India represents a significant growth opportunity for Cellecor. Establishing a regional office in Bengaluru will help us expand market connectivity accelerate operations and strengthen relationships with our channel partners. This move will enable us to respond more quickly to market needs and further enhance the customer experience.

He added that this office will be a hub for regional leadership and cross-functional teams across sales operations marketing finance and support. This will improve coordination and enable more effective operations on the ground.

Ravi Agarwal said the expansion is in line with the companys long-term strategy to rapidly grow its multi-category portfolio which includes televisions home appliances mobile accessories and consumer electronics.

Meanwhile benchmark indices Sensex and Nifty rebounded in early trade on Wednesday driven by value buying at lower levels and a positive trend in Asian markets.

Steady buying activity by domestic institutional investors also brought comfort to the markets according to experts.