Elitecon International Share Price Hits Upper Circuit After Securing USD 97.35 Million Long-Term Supply Order
DSIJ Intelligence-3Categories: Mindshare, Multibaggers, Trending
Elitecon International share price has gained 27.37 per cent in the last one-week. In the last six-months, the stock has delivered multibagger returns of 119.62 per cent.
Elitecon International Limited has announced the receipt of a landmark long-term international supply contract valued at USD 97.35 million.
The two-year contract has been awarded by Yuvi International Trade FZE, an international entity, and covers the supply of cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other tobacco-allied products. The order strengthens Elitecon’s footprint in key Middle Eastern markets, a region witnessing sustained demand growth for regulated tobacco products.
The long-term nature of the agreement provides clear revenue visibility, enabling Elitecon to plan production efficiently, improve capacity utilisation, and optimise working capital cycles. The contract is expected to deliver stable export earnings, reduce volatility, and support scalable growth over the contract period.
Management highlighted that the order has been secured in the normal course of business, reflecting the company’s strong product acceptance, manufacturing capabilities, and established export relationships.
Elitecon International share price has gained 27.37 per cent in the last one-week. In the last six-months, the stock has delivered multibagger returns of 119.62 per cent.
About Elitecon International Limited
Elitecon International Limited is engaged in the manufacturing and export of tobacco and tobacco-allied products, with a growing presence across international markets. The company continues to focus on capacity expansion, product diversification, and long-term export partnerships.
Disclaimer: The article is for informational purposes only and not investment advice.