Share Market News: This company hits upper circuit after winning contract worth Rs…. | Check details here

Elitecon International Ltd. manufactures tobacco products. Founded in 1987, the company was formerly known as Kashiram Jain & Company Ltd. and later changed its name to Elitecon International.

Tobacco products and cigarette maker Elitecon International Ltd.’s stock rose 5 percent today. As of 10:58 am, the stock was trading at 114.80 rupees, up 4.96% or 5.42 rupees on the BSE. The rise comes after the company shared a major update. According to an exchange filing, Elitecon International Limited has secured a long-term supply contract from Yuvi International Trade FZE. Under this contract, the company will supply cigarettes, premix shisha, hookah tobacco, smoking mixtures, and other tobacco-related products for the next two years.

The total value of this order is approximately US$97.35 million (approximately ₹8.75 billion). According to the filing, this order will provide the company with stability on the export front, ensure better utilisation of factory capacity, and help in operational planning.

The company said in its filing that this order will further strengthen its presence in Middle Eastern markets.

According to BSE Analytics, the company’s stock has gained more than 27% in the past week. In just six months, the stock has delivered multi-bagger returns of 119% to investors. On a yearly basis, the stock has gained more than 1007% in 2025.

Elitecon International Ltd. manufactures tobacco products. Founded in 1987, the company was formerly known as Kashiram Jain & Company Ltd. and later changed its name to Elitecon International. The company manufactures tobacco, cigarettes, khaini pouches, shisha products, and other smoking mixtures and exports them to Indian and international markets.

Earlier, equity benchmark indices Sensex and Nifty declined in early trade on Monday in tandem with a weak trend in global markets and persistent foreign fund outflows.

Also, uncertainty over an India-US trade deal weighed on investors’ sentiment, analysts said. The 30-share BSE Sensex declined 384.39 points to 84,883.27 in early trade. The 50-share NSE Nifty edged lower by 122.9 points to 25,924.05.