• Source:JND
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Stock Market Today: Elitecon International's shares, which are listed on the BSE, rose 5% during Wednesday's trading session, reaching a high of Rs 518.05. With a 4.75 per cent gain from the previous close of Rs 493.40, the counter opened gap up at Rs 516.85. The stock reached an upper circuit of Rs 518.05, which was also the new 52-week high, as the buying momentum persisted. The stock's 52-week low was Rs 11.02, while the company's market value is Rs 8,281.03 crore.

Over the past seven days, the stock has increased by 42.48 per cent.

Quarter 4 Results

Since the company revealed its impressive Q4 results, its stock has been rising.

In the same quarter last year, the company's net profit increased from Rs 6.30 crore to Rs 12.21 crore, a 94% YoY increase.

History of Share Prices

The scrip has produced a strong return of 627 per cent in the last six months and close to 400 per cent year-to-date (YTD), according to BSE Analytics.

In the quarter in question, the company's sales increased 170 per cent to Rs 120.41 crore, up from Rs 44.49 crore reported in the March 2024 quarter.

Today's Stock Market

In the meantime, benchmark stock indices, which followed a surge in international markets, recovered in early trading following three days of declines.

Early trading saw the 30-share BSE Sensex rise 230.17 points to 80,967.68. At 24,612.75, the NSE Nifty increased by 70.25 points.

Also Read: Vodafone Shares Tumble Over 2% On Ericsson Stake Sale; Details

The biggest winners among the Sensex companies were Bharti Airtel, Eternal, IndusInd Bank, Maruti, Tata Motors, and Bajaj Finance.

ICICI Bank, UltraTech Cement,  Titan and Tata Consultancy Services were among the laggards, though.

Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing, Please take an expert's opinion before investing.