From Rs 2.82 to Rs 204.85 per share: Multibagger stock locked in upper circuit for 4th straight trading session; An investment of Rs 1 lakh turns Rs 72.64 lakh

On Tuesday, shares of Elitecon International Ltd (EIL) hit a 5 per cent upper circuit to Rs 204.85 per share from its previous closing of Rs 195.10 per share. The stock has been hitting the upper circuit for the 4^th straight trading session. A Rs 1 lakh investment soared to Rs 72.64 lakh as the share price rose from its 52-week low of Rs 2.82 to today's trading price of Rs 204.85.

Established in 1987, Elitecon International Ltd. (EIL) specialises in the manufacturing and trading of a diverse range of tobacco and allied products for both domestic and international markets. The company's product portfolio includes smoking mixtures, cigarettes, pouch khaini, zarda, flavoured molesis tobacco, yummy filter khaini and other tobacco-based items. EIL has a notable international presence, operating in the UAE, Singapore, Hong Kong and European countries like the UK and plans to expand its offerings to include products such as chewing tobacco, snuff grinders and match-related articles. The company also boasts its brands, including "Inhale" for cigarettes, "Al Noor" for sheesha and "Gurh Gurh" for smoking mixtures.

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Elitecon International Limited has announced its plans to raise capital by issuing equity shares through a Qualified Institutions Placement (QIP) for an amount of up to Rs 300 crore. Additionally, the company is seeking approval to make investments, loans, guarantees, and securities that exceed the limits set by Section 186 of the Companies Act, 2013, which requires a special resolution. The company also intends to shift its registered office from Delhi to Maharashtra.

According to consolidated Quarterly Results, the net sales increased by 68 per cent to Rs 525 crore and the net profit increased by 67 per cent to Rs 72 crore in Q1FY26 compared to Q1FY25. For the consolidated annual results (FY25), the company reported net sales of Rs 548.76 crore and net profit of Rs 69.65 crore.

On Wednesday, June 25, 2025, the company’s shares have ex-traded a 1:10 stock split. This means each equity share with a face value of Rs 10 has been subdivided into ten equity shares, each now having a face value of Re 1. The company has a market cap of Rs 32,745 crore. The stock has given multibagger returns of 7,164 per cent from its 52-week low of Rs 2.82 per share.

Disclaimer: The article is for informational purposes only and not investment advice.