Elitecon International Shares Surge 5% for Third Straight Session
Elitecon International's share price was locked at the 5% upper circuit on Tuesday, marking the third consecutive session of gains driven by robust buying interest. The stock climbed as much as 5% to ₹75.14 per share on the BSE, extending a rally that has seen it jump nearly 15% over the past three days, consistently hitting upper circuit limits.
Heavy Trading Volumes Support Rally
The upward movement in Elitecon International's share price was bolstered by significant trading activity. Approximately 5 lakh equity shares changed hands on stock exchanges, with daily and monthly trading volumes also standing at 5 lakh shares. This heightened activity underscores strong investor confidence in the stock's recent performance.
Historical Performance and Recent Declines
Despite the recent surge, Elitecon International's share price remains more than 82% below its 52-week high of ₹422.65, reached on August 25, 2025. The stock had previously touched a 52-week low of ₹17.26 on February 10, 2025, on the BSE. Over shorter periods, the stock has fallen 18% in one month, 52% in three months, and 71% in six months.
Long-Term Multibagger Returns
In contrast to recent declines, Elitecon International shares have delivered impressive long-term returns. The stock has provided multibagger gains of 335% over one year, a staggering 7,056% over three years, and a massive 7,414% over five years, highlighting its volatile yet rewarding nature for long-term investors.
Strategic Corporate Developments
Last month, Elitecon International announced the appointment of Deloitte Touche Tohmatsu India LLP as its strategic tax and regulatory advisor and transaction program manager. This move aims to assist the company in evaluating, structuring, and implementing a merger scheme for its group companies, including Sunbridge Agro Private Limited, Landsmill Agro Private Limited, and Golden Cryo Private Limited.
As of 2:40 PM, Elitecon International's share price remained locked at the 5% upper circuit of ₹75.14 per share on the BSE, reflecting sustained investor optimism amid ongoing corporate restructuring efforts.
