- By Aditya Pratap Singh
- Wed, 08 Apr 2026 03:16 PM (IST)
- Source:JND
Stock Under Rs 50: Amid a massive rally in the domestic stock market post the ceasefire announcement between the United States and Iran, the shares of Elitecon International rebounded from early losses to trade in positive territory, erasing the downward trend of multiple sessions.
The stock of diversified FMCG enterprise started the session in negative territory at Rs 37.46 on BSE, down compared to last session's closing of Rs 39.43. However, due to higher volume and buying momentum amid broad-based buying sentiment in the equity market, the scrip recovered from the early losses.
At the time of writing, the stock was trading at Rs 39.95, up 1.32 per cent. Meanwhile, its 52-week high and low values stood at Rs 422.65 and Rs 32.26, respectively.
At the same time, the market cap of the small-cap company stood at Rs 6,400 crore. The uptick in the stock was driven by heavy trading volume.
Stock Market Today
During the afternoon trade, the Sensex, the 30-share index of BSE, jumped 2,988.82 points or 4 per cent to 77,605.40. At the same time, the 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014.
IndiGo, Larsen & Toubro, Bajaj Finance, Maruti, UltraTech Cement and Mahindra & Mahindra were the top gainers from the Sensex basket. Tech Mahindra, Sun Pharma and Power Grid were trading lower.
Share Price History
According to BSE Analytics, the small-cap stock has given a multibagger return in the long run. In the last five years, the stock soared by over 3,800 per cent. However, the stock remained subdued in a one-year period, rising merely 12 per cent in the past year. This year till date, the scrip has fallen by over 60 per cent. In the last 5 trading session the shares corrected over 12 per cent, and in a month, the shares dipped nearly 20 per cent.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.