8,300% bang returns in 1 year
Shares of Smallcap company Elitecon International LTD have created panic in the stock market. On Thursday, this stock put a 5 per cent upper circuit and the price was locked at Rs 93.34. Not only this, this stock also touched its highest level of 52 weeks and now it is on its all-time high. In the last 5 days, this stock has shown a great rise of 22 percent. If we talk about the last one year, then this stock has given more than 8,300 percent returns to investors.
Plan to buy Dubai company
Elitecon International Ltd made a big announcement at the recently held board meeting on 9 July 2025. The company has decided to buy Dubai company Prime Place Spices Trading LLC. This company trades products like spices, nuts, coffee, tea, sweets and chocolate. The turnover of this company was 160.15 million dirhams till 31 December 2024. Elitecon made it clear that this is not a related party deal, that is, there is no personal interest of the owners or management of the company in this acquisition.
Elitecon International Ltd already holds a strong hold in the FMCG sector, especially agricultural products in India. Now through this acquisition, the company wants to increase its reach in the global market. Prime Place Spices Trading LLC is a strong name in the FMCG sector in Dubai, which is a big hub of global trade. The company says that this acquisition is perfect for their business strategy. This deal will not only strengthen Elitecon’s focus in agricultural products, but will also open the way for expansion in new products.
Share buyers
Talking about the performance of Elitecon International Ltd shares, it is no less than a miracle. In the last one year, this stock has given a return of more than 8,300 percent. That is, the share of 1 rupee has now crossed 93 rupees. In the last 5 years, it has given a return of more than 6,800 percent. The lowest level of the stock of the stock was Rs 1.10 and now it is at an all-time high of Rs 93.34.
Such a multibagger returns are surprising to everyone. This share, which has reached from Rs 1 to Rs 93 in just 52 weeks, has proved to be a gold mine for investors. The 22 percent rise of the last 5 days has also increased the passion of investors. The decision of this company’s acquisition has created a new stir in the market, and in the coming days, investors’ eyes will remain on this stock.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India has to take advice from its financial advisors before taking any decision related to money to its readers and audience.