Elitecon International Shares Rebound After Prolonged Decline
In a dramatic turnaround on Monday, Elitecon International's share price was locked at a 5% upper circuit, effectively snapping its eleven-session losing streak. The small-cap stock surged to ₹109.75 per share on the BSE, marking a significant recovery after hitting lower circuits in seven out of the previous eleven straight sessions.
Heavy Trading Volumes Drive Rally
The rally was primarily fueled by substantial buying activity. Trading volumes skyrocketed, with approximately 16 lakh shares changing hands across stock exchanges. This figure dramatically exceeds the stock's one-week average trading volume of 1 lakh shares and the one-month average of 4 lakh shares, indicating renewed investor interest.
Q2 Financial Performance and Dividend Announcement
The company's recent financial disclosures reveal a mixed picture. For the second quarter of FY26, Elitecon International reported a consolidated net profit of ₹101.87 crore. This represents a significant decline from the ₹183.61 crore profit recorded in the same quarter of the previous fiscal year.
Similarly, the company's revenue from operations dropped to ₹2,195.86 crore in Q2FY26, down from ₹3,739.87 crore year-on-year (YoY). Despite these declines, the board of directors declared an interim dividend of Re. 0.05 per equity share for the financial year 2025-26. The record date for this dividend was set for Wednesday, November 12.
Long-Term Performance Analysis
Despite recent volatility, Elitecon International shares have demonstrated remarkable long-term growth. The stock has fallen 30% in one month and declined 73% over three months. However, it has jumped by 205% in six months and delivered a staggering 960% return year-to-date (YTD).
The most impressive performance metrics include a 1,705% surge in one year, multibagger returns of 10,350% in three years, and an extraordinary 10,875% return over five years. As of 1:00 PM, Elitecon International share price remained locked at the 5% upper circuit of ₹109.75 per share on the BSE.
