Shares of Elitecon International, a small-cap multibagger, locked in at a 5% upper circuit on Wednesday, December 31, 2025, marking a sharp rebound. The stock price hit ₹99.80 on the BSE, riding a wave of renewed buying interest after three consecutive sessions of decline.
Market Rebound and Staggering Long-Term Returns
The rally in Elitecon coincided with a modest recovery in the broader Indian equity markets. Key benchmark indices, the Sensex and Nifty 50, were trading marginally higher on the final trading day of the year, putting an end to a four-session losing streak.
Despite recent volatility, Elitecon's long-term performance has been nothing short of extraordinary. Since August 2024, the stock has delivered mind-boggling returns exceeding 7,500%, solidifying its reputation as a classic multibagger. Over the past one year, the shares have appreciated by 850%.
However, the journey has been rocky in the shorter term. The stock gained 58% in the last six months but fell 49% over the past three months. In the most recent one-month period, it managed to add 16%.
The stock's 52-week high of ₹422.65 was recorded on August 25, 2025. In stark contrast, its 52-week low stood at ₹10.17 on December 31, 2024, highlighting the extreme volatility and sharp price swings investors have witnessed.
Strategic Moves: Borrowing Power and Major Export Order
In a significant corporate development, Elitecon recently announced a major enhancement in its borrowing capacity to fuel future growth. Through an exchange filing, the company stated it has increased its borrowing powers to ₹500 crore, subject to shareholder approval.
The move, under Section 180(1)(C) of the Companies Act, 2013, is designed to provide greater financial flexibility. The enhanced limit will allow the company to make investments, provide loans, and offer guarantees beyond the limits specified under Section 186 of the Act, once shareholders give their nod.
Order Book Boost with $97 Million Contract
Adding to the positive developments, the tobacco products manufacturer secured a substantial long-term supply contract on December 15, 2025. The export order, valued at USD 97.35 million, is for a range of products including cigarettes, premix sheesha, hookah tobacco, and smoking mixtures.
The company emphasized that this long-term order ensures steady export visibility and underscores the continued international demand for its product portfolio.
Disclaimer: This article is for informational purposes only. Readers are advised to consult a certified investment advisor before making any financial decisions.
