Multibagger Stock: Shares of FMCG sector company Elitecon International are in focus these days. Its stock has been rising for the last several consecutive sessions. In Wednesday’s trading session, its price reached Rs 126.60 per share, touching 5 percent upper circuit. This is the eighth consecutive session when the stock has reached the level of upper circuit.
Why are shares running away at speed?
There are some reasons for this rise in shares. In fact, tobacco exporting company Elitecon International on Monday informed about the signing of an international long-term agreement worth $97.35 million (Rs 875 crore). After this, there was a huge rise in its shares and it rose by 5.0 percent and closed at Rs 114.8 per share on BSE.
What is the order?
Elitecon has received this order from United Arab Emirates (UAE) company UV International Trade FZE. Under this deal, Elitecon International will have to supply tobacco, shisha, hookah, cigarettes, smoking mixture and other tobacco related products. This deal is for two years, but the lock-in period is of one year. This means that the company will not be able to conclude this deal before one year.
The company says that the demand for tobacco related products remains constant in the Middle East markets. In such a situation, this deal will help in increasing its reach there and strengthening its position. The company’s managing director Vipin Sharma said that the long-term order is an indication of continued global demand for the company’s product portfolio. This contract will come into effect from January 1, 2026 and its validity will be for the next two years.
This stock is printing notes
This multibagger stock has jumped 1120 percent so far this year. In the last one year, it has grown so much that those buying shares of the company have become rich. Where in August 2024 its price was only Rs 1.34. At the same time, in 2025 it reached Rs 422.65, which is also its 52-week high level. That means, between August 2024 and August 2025, it has given an excellent return of 31000 percent to its investors.
If we look at it accordingly, those who had bet Rs 50,000 in shares in August last year have earned a profit of more than Rs 1.5 crore till August this year. In the last 6 months it has increased by 119 percent.
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