New Delhi, July 7 -- Cellecor Gadgets share rallied over 2% on Monday, rebounding from its intraday low. The small-cap stock surged as much as 2.77% to an intraday high of Rs.37 apiece on the NSE. Cellecor Gadgets shares have jumped 4.5% from its day's low level.

The gains in Cellecor Gadgets share price came after the company announced that its promoters have completed their strategic stake sale initiative, divesting 88.95 lakh equity shares through open market transactions and raising approximately Rs.35.35 crore with declared reinvestment of entire amount into the company to strengthen its financial position and fuel its ambitious growth plans.

The promoters initiated a stake sale compelled by business's urgent capital requirements; ...