Multibagger Stock India: A rise was recorded in the shares of Elitecon International on Wednesday, December 17, 2025, the third trading day of the week. In Wednesday’s trading session, the company shares closed with the upper circuit of 5 percent.
Talking about the performance of company shares in the last 8 days, a jump of about 40 percent has been recorded. Due to which investors have got the opportunity to earn huge profits. Let us know, what is the reason behind this rise in company shares?
Company’s condition on BSE
On Wednesday’s trading day, shares of Elitecon International Company were trading at Rs 126.60 with a rise of 4.99 percent or Rs 6.02 on BSE. During this period, upper circuit was imposed on the company shares. Talking about the 52-week all-time high level of the company, it is Rs 422.65.
At the same time, during the 52-week low level, the company shares had reached the figure of Rs 8.51. Company shares started the trading day trading at Rs 126.60.
The reason for this rise in shares
The new international agreement of the company is believed to be the reason behind this rise in the shares of the company. Elitecon International has signed a deal with UAE’s UV International Trade FZE for about $97.35 million i.e. about Rs 875 crore in Indian rupees.
Under this agreement, the company is going to supply cigarettes, premix shisha, hookah tobacco, smoking blends and other tobacco based products. A lock-in period of 1 year has also been kept for this deal. Due to which the company is expected to get stable orders in the coming time.
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