Sometimes, stocks emerge in the stock market that quietly deliver incredible returns. One such stock is Elitecon International Ltd, which has given returns in the past year that an ordinary investor could not have imagined.
If someone had invested just 1 lakh rupees in this stock in July 2024, its value would have exceeded 84 lakh rupees today. This means it has given a phenomenal return of about 8385 percent in a year. Such stocks are called multibaggers in market parlance, and this stock currently appears to be at the top of that category.
Preparing to Enter the Global Market by Acquiring a Dubai-Based FMCG Company
A major reason for Elitecon's rapid growth has been the company's board meeting held on July 9, 2025, where the company announced a major acquisition.
Elitecon is now going to acquire Prime Place Spices Trading LLC, based in Dubai, for 700 crore rupees. This company deals in fast-moving consumer products (FMCG) like spices, dry fruits, tea, and coffee.
With this deal, Elitecon will no longer be limited to the construction and real estate sectors; instead, it is preparing to establish its presence in the global FMCG market.
The Share's 52-Week Low Reached 1.10 Rupees and High Reached 98 Rupees
The shares of Elitecon International Ltd closed at 98 rupees on Friday, July 11, 2025, on the BSE (Bombay Stock Exchange), up by 4.99 percent.
The share has covered a tremendous journey in the last 52 weeks
- 52 Week Low: 1.10 rupees
- 52 Week High: 98.00 rupees
Currently, it is trading at its highest level and is hitting an upper circuit of 5 percent every day. This clearly indicates that there is tremendous enthusiasm among investors regarding this stock.
See the Return History; This Stock Has Surprised Every Month
Elitecon has performed consistently well in the last few months. Anyone can be surprised by looking at its return graph
- In 1 week: Up 27.60 percent
- In 1 month: Up 69.14 percent
- In 3 months: Up 158.44 percent
- Year-to-date 2025: Profit of 863.62 percent
While if we talk about the entire 1 year, it has given a return of about 8385 percent.
What is the Business of the Company, and in Which Direction is it Moving Now?
Elitecon International Ltd is a small-cap company that has been primarily involved in construction, real estate, and consultancy services.
Recently, when the company announced the acquisition of a spice trading company in Dubai, it became clear that Elitecon's focus is now shifting towards the FMCG sector.
This diversification is attracting investors because the growth of the FMCG sector is considered stable and reliable in India and internationally.
Tremendous Jump in Market Cap, Now Beyond 15 Thousand Crore
The company's market cap has also increased rapidly with the continuous pace of the share. Currently, Elitecon's market capitalization has crossed 15,665 crore rupees, which puts it in the ranks of several mid-cap companies.
This figure indicates that the company is no longer just a small-cap, but its size and potential are both growing rapidly.
An Interesting Stock for Small Investors
Elitecon's share is still trading below 100 rupees, making it the center of attraction for small investors. Usually, there is more volatility in such stocks, but the possibility of returns is also equally high.
After the recent surge, there is also discussion in the market whether the company may enter any other sector in the coming time.
