Mid-cap stock jumps over 7% from intraday low, Do you have it?

DSIJ Intelligence-1Categories: Multibaggers, Trendingjoin us on whatsappfollow us on googleprefered on google

Mid-cap stock jumps over 7% from intraday low, Do you have it?

The stock has given multibagger returns of 604 per cent from its 52-week low of Rs 12.36 per share and a whopping 8,000 per cent in 3 years.

On Wednesday, shares of Elitecon International Ltd (EIL) jumped 7.40 per cent to an Intraday high of Rs 87 per share from its intraday low of Rs 81 per share. The stock’s 52-week high is Rs 422.65 per share and its 52-week low is Rs 12.36 per share.

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 such as the UK and plans to expand its offerings to include products like 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.

According to Quarterly Results, the net sales increased by 318 per cent to Rs 2,192.09 crore and the net profit increased by 63 per cent to Rs 117.20 crore in Q2FY26 compared to Q1FY26. According to half-yearly results, the net sales increased by 581 per cent to Rs 3,735.64 crore and the net profit increased by 195 per cent to Rs 117.20 crore in H1FY26 compared to H1FY25. For the consolidated annual results (FY25), the company reported net sales of Rs 548.76 crore and net profit of Rs 69.65 crore.

Invest where stability meets growth. DSIJ’s Mid Bridge reveals Mid-Cap leaders ready to outperform. Download Detailed Note Here

Elitecon International Limited (EIL) is embarking on a transformational expansion by initiating a merger with Sunbridge Agro, Landsmill Agro, and Golden Cryo Private Limited. To navigate the complex regulatory landscape and ensure transparent execution, the company has engaged Deloitte Touche Tohmatsu India LLP as its strategic Tax and transaction advisor. This consolidation of synergistic business verticals is designed to strengthen EIL’s balance sheet, optimise resource utilisation and enhance long-term earnings visibility. While the board is actively moving forward with the plan, the final merger remains subject to formal approval from the National Company Law Tribunal (NCLT) and other statutory regulators.

The company has a market cap of over Rs 12,000 crore. The stock has given multibagger returns of 604 per cent from its 52-week low of Rs 12.36 per share and a whopping 8,000 per cent in 3 years.

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