Multibagger Small-cap Tobacco Stock Jumps 5%, Hit Upper Circuit on Thursday
The stock has given multibagger returns of 156 per cent from its 52-week low of Rs 20.60 per share and a whopping 4,200 per cent in 5 years.
✨ AI Powered Summary
On Thursday, shares of Elitecon International Ltd jumped 5 per cent to Rs 55.15 per share from its previous closing of Rs 52.53 per share. The stock’s 52-week high is Rs 422.65 per share and its 52-week low is Rs 23.65 per share.
Elitecon International Ltd hit its Upper Circuit limit during Thursday’s trading session, reflecting strong buying interest in the counter. As of 11:31, the shares were trading at Rs 55.15 apiece, up 4.99 per cent for the day.
The stock surged 4.99 per cent to its Intraday high of Rs 55.15 compared to the previous close of Rs 52.53. The counter remains under ASM LT Stage 3 surveillance.
About the Company
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.
Elitecon International Ltd (EIL) demonstrated explosive financial growth in the first half of the 2026 fiscal year, characterised by a massive surge in top-line revenue. Quarterly Results show net sales climbed 318 per cent to Rs 2,192.09 crore, with net profit rising 63 per cent to Rs 117.20 crore compared to the previous quarter. This momentum is even more pronounced on a half-yearly basis; net sales skyrocketed by 581 per cent to Rs 3,735.64 crore, while net profit jumped 195 per cent to Rs 117.20 crore compared to the same period last year. This rapid scaling follows a conservative 2025 fiscal year, where the company reported annual net sales of Rs 548.76 crore and a net profit of Rs 69.65 crore.
The company has a market cap of over Rs 8,800 crore. The stock has given multibagger returns of 156 per cent from its 52-week low of Rs 20.60 per share and a whopping 4,200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.