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A very big and explosive news is coming out from the FMCG sector of the Indian stock market. During the trading session of Wednesday, June 10, 2026, tremendous buying and tsunami of purchases was witnessed in the shares of Elitcon International, a leading smallcap company in the diversified FMCG sector. This sudden surge in the company’s stock was recorded when the management officially announced its huge business expansion plan of Rs 700 crore to the market. As soon as the news of this mega plan spread on Dalal Street, investors started buying the stock, due to which the stock directly touched the upper circuit in today’s trading.
5 lakh retail shops and 15 foreign markets: Elitecon International prepared Chakravyuh
Under this ambitious expansion plan shared by the company, Elitecon International has prepared a big and strong roadmap for the coming times with a total indicative capital investment of Rs 700 crore. With the help of this huge fund, the company’s primary aim is to build a very strong and agile distribution network by onboarding more than 5,000 new large partners across the country. Along with this, the company is working to establish its strong presence in more than 5,00,000 retail outlets and in more than 15 major international markets of the world over time. The company also aims to rapidly grow a vast and premium product portfolio comprising of its 10 leading consumer brands and over 150 stock keeping units (SKUs) in the market.
Nashik plant will take over the command of production, automation upgrade work in full swing
To meet this massive expansion plan and increasing market demand, the company has also greatly strengthened its backend preparations. According to the official statement of Elitecon International, this massive future production will be led by the company’s existing state-of-the-art manufacturing unit located in Nashik, Maharashtra. The company has also assured the investors that the work of drastically increasing the production capacity of this Nashik based unit and automation upgrade with the latest technology is already going on war footing, which will drastically reduce the production cost.
Upper circuit opened directly at Rs 27.45, huge turmoil in the market
After this big business update and the positive trend seen in the benchmark indices of the Indian stock market, shares of Elitecon International opened today with a strong rise at Rs 27.45 on Bombay Stock Exchange (BSE) compared to its previous closing price of Rs 27.05. Due to heavy buying pressure from all sides, this stock registered a huge jump of 20 percent in no time and touched its upper circuit of Rs 32.46. However, amid extreme fluctuations, the stock also touched an intraday low of Rs 26.89 today. In today’s trading, the stock was seen moving in a very wide and wide range of Rs 5.57, with intraday volatility recorded at around 11.78 percent. After this spectacular recovery, the total market capitalization of the company has increased to the level of Rs 5,179.14 crore.
Luck changed the very next day after touching 52-week low, know the complete history of share price
Interestingly, just a day before i.e. on June 9, 2026, this share had touched its 52-week low of Rs 26 (52-Week Low) and the very next day an announcement by the company completely changed its fortunes. The stock’s 52-week high is Rs 422.65, recorded on August 25, 2025. There has been a continuous bullish trend in this stock for the last two trading days and in this short period itself it has given a strong profit of 20.43 percent to its investors. According to technical analysts, the stock has outperformed its sector by 19.78 percent today and the stock is currently well above its 5-day and 20-day short-term moving averages, although it is still trading below its 50-day, 100-day and 200-day long-term moving averages.
Long term investors got bumper benefits: money crossed 30 times in 5 years
Even though this stock was witnessing a decline due to market pressure for the last few months, it has still proved to be a great multibagger stock in terms of long-term track record. If we look at the data of BSE Analytics, this stock has increased its money by more than 30 times by giving a total of 2,990.48 percent historical returns to its loyal investors in the long period of last five years. However, if we talk about short-term, the stock has fallen by about 46.79 percent in one year, 67.35 percent in six months and on year-to-date (YTD) basis so far, the stock has fallen by about 68.32 percent, whereas during this period the benchmark index had registered a decline of only 13.23 percent. But now investors have again got high hopes from this new plan of Rs 700 crore.