FIIs Bought 22.81 Per Cent Stake: Tabacco Manufacturer To Announce Results Today; Stock Jumps 6.8 Per Cent from Intraday Low
The stock has given multibagger returns of 3,409 per cent from its 52-week low of Rs 11.02 per share.
On Tuesday, shares of Elitecon International Ltd jumped 6.80 per cent to Rs 386.70 per share from its intraday low of Rs 362 per share. The stock’s 52-week high is Rs 402.30 per share and its 52-week low is Rs 11.02 per share.
Elitecon International Ltd. has announced that its Board of Directors will convene a meeting today, May 27, 2025, to review and approve the Audited Consolidated Financial Results and Audited Standalone Financial Results for the quarter and year ended March 31, 2025. This meeting is being held in compliance with Regulations 29 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Established in 1987, Elitecon International Ltd. (EIL) specialises in the manufacturing and trading of a diverse range of tobacco and allied products for both domestic and international markets. The company's product portfolio includes smoking mixtures, cigarettes, pouch khaini, zarda, flavoured moleskine tobacco, yummy filter khaini, and other tobacco-based items. EIL has a notable international presence, operating in the UAE, Singapore, Hong Kong, and European countries like the UK, and plans to expand its offerings to include products such as chewing tobacco, snuff grinders, and match-related articles. The company also boasts its own brands, including "Inhale" for cigarettes, "Al Noor" for sheesha, and "Gurh Gurh" for smoking mixtures.
The company has a market cap of over Rs 6,000 crore and has delivered good profit growth of 243 per cent CAGR over the last 5 years. In FY25, FIIs bought 22.81 Per Cent Stake and increased their stake to 38.30 per cent compared to FY24. The stock has given multibagger returns of 3,409 per cent from its 52-week low of Rs 11.02 per share.
Disclaimer: The article is for informational purposes only and not investment advice.