Elitecon International's 6900% rally and fundraising plans

Business Jul 05, 2025

Elitecon International is making headlines with a board meeting set for Wednesday, July 9, to talk about raising ₹300 crore.
They're looking at options like Qualified Institutions Placement (QIP), giving out more shares, and even buying a company overseas.
This comes after their stock shot up from just ₹1 to over ₹75 in less than a year—a massive jump that's caught everyone's attention.

Elitecon's share price recently hit a 52-week high of ₹76.80

Elitecon's share price recently hit a 52-week high of ₹76.80, pushing its market value past ₹12,275 crore.
From last August's low of ₹1.10, the company has seen huge growth, and these new plans signal they're aiming even higher.