UPPER CIRCUIT ALERT: SMALL-CAP TOBACCO STOCK HITS 52-WEEK HIGH AMID VOLATILE TRADE; DETAILS

The shares of Elitecon International rose around 5% to hit the upper circuit and a fresh 52-week high on Tuesday amid high trading volume. The scrip opened with a decent gap-up at Rs 629.55 against the previous day's closing price of Rs 599.60 on BSE and rose to hit an intraday high at Rs 629.55, which is a fresh 52-week high as well. The small-cap stock lost some of its gain and was trading at Rs 615, up 2.57% in afternoon trade.

Multibagger Rally

Eletecon International Limited, a company involved in the tobacco business, its stock has given a return of more than 5000% in the last year. On Friday, the last day of the last trading week, this stock closed at Rs 571.05, whereas a year ago its price was just Rs 11. Today, on Tuesday, its price is trading at Rs 629.55.

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655% in 6 Months

If an investor had invested just Rs 1 lakh in this stock 6 months ago, then today its value would have been around Rs 7.5 lakh, i.e. a return of about 655%. At the same time, an investment of Rs 1 lakh made a year ago has become more than Rs 50 lakh today.

- Last week, the Stock rose by about 27%

- In the last 30 days, it zoomed by about 57%

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