This company shares hit upper circuit post this important update | Check Details Here

The stock has delivered a multibagger return of 5,509% over the past three years, reflecting substantial value appreciation. In the last six months alone, it has surged by 514%, and it has already climbed 467% since the beginning of this year.

Shares of Elitecon International hit a 5 per cent upper circuit on Thursday, June 26, 2025. The upper circuit, a trading limit set by the stock exchange, prevented further buying in the stock due to the surge in demand. The counter opened gap up in the green at Rs 58.70, with a gain of 4.54 per cent from the previous close of Rs 56.15. The stock gained further to hit the upper circuit of Rs 58.95. The 52-week high of the stock is Rs 62.96 and the 52-week low is Rs 1.10. The market cap of the company is Rs 9,415.17.

The scrip has been gaining for the last four days and has risen 19.36 per cent in this period.

Share Price History

The stock has given a multibagger return of 5,509 per cent in three years, indicating a significant growth in value over this period. In the last six months, it has risen by 514 per cent, and it has already gained 467 per cent so far this year.

Company To Raise Funds

The company has announced its intention to raise funds of up to Rs 75 crore from the public markets via a preferential allotment, a move that will significantly boost its financial position.

“To discuss and evaluate the proposal for raising funds up to an amount of ₹75 crores by way of preferential allotment, issue of convertible warrants, Foreign Currency Convertible Bonds (FCCBs), Qualified Institutional Placement (QIP) or any other permissible instruments/modes, subject to necessary approvals from Shareholders, regulatory bodies and other stakeholders,” the filing reads.

Meanwhile, the equity benchmark indices Sensex and Nifty continued their winning streak in early trade on Thursday, buoyed by optimism following a ceasefire between Iran and Israel.

The 30-share BSE Sensex climbed 163.27 points to 82,918.78 in early trade. The 50-share NSE Nifty went up 64.35 points to 25,309.10. Later, the BSE benchmark traded 415.98 points higher at 83,171.49, and the Nifty quoted 115.50 points up at 25,359.45.