Elitecon International shares extended the gaining momentum for the fifth consecutive session on Thursday, September 24, hitting the 5 per cent upper circuit for the second consecutive session despite a sharp decline in the domestic stock market. The FMCG stock started the session in green at Rs 9.35 apiece as compared to last day's close of Rs 9.14. The stock continued the gaining momentum, touching an intraday high of Rs 9.59, up 5 per cent from last close.

Last seen, Elitecon International Shares were trading at Rs 9.55, up 4.60 per cent or Rs 0.42. Meanwhile, its 52-week high and low values stood at Rs 46.40 and Rs 7.08, respectively. 

Share Gains 23% In 5 Days: What's Fueling Recent Rally 

In the last 5 days, the stock gained over 23 per cent, as per NSE data. The stock's recent surge was driven by price increases across competitor tobacco brands. These higher market prices enable the company to leverage a value-oriented pricing approach, which could boost customer acquisition and expand its domestic footprint.

The company manufactures tobacco products in Nashik and serves domestic and international markets, including the UAE, UK and Singapore.

Also Read: NSE Shares Make Muted Debut, List At Nearly 1% Premium Against IPO Price

Stock Market Today

The key domestic equity indices crashed on Thursday amid broad-based selling due to escalating geopolitical uncertainty. Last seen, BSE Sensex was trading at 73,980.94, down 1.13 per cent or 847.31 points. NSE's Nifty 50 was quoted at 23,172.35, down 1.17 per cent or 274.45 points. 

FY26 results of the company

  • Consolidated revenue from operations rose to Rs 5,074.80 crore in FY26, up from Rs 548.76 crore in FY25, with total income at Rs 5,084.35 crore and total expenses at Rs 4,888.36 crore.

  • Profit before tax reached Rs 195.98 crore (vs Rs 69.57 crore in FY25), leading to a PAT of Rs 185.06 crore after Rs 10.92 crore in tax expenses.

  • Basic EPS dropped to Rs 1.16 from Rs 1.75 in FY25 due to a share subdivision.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice. Please seek advice from a certified expert before investing.