This penny stock is being rained for money, so much bounced shares in a year that the pockets of investors were filled

Multibagger stock: Even though betting on Penny stock is risky, sometimes they also give heavy returns. Today, through this news, we are going to tell you about such a penny stock, which has now become a multibagger. Here we are talking about Elitecon International, which has been making investors rich for the past many years.

The feeling climbed so much in a year

Where the price of its share was Rs 1.16 a year ago. At the same time, it has reached Rs 363.35, hitting a long jump. That is, in just one year, the company’s shares have increased by 31223 percent. However, it is still below its 52-week high level 422.65 rupees. Recently, the company’s stock touched this level recently. At the same time, the low level of its 52-week has been Rs 1.10.

The company is continuously giving good returns

The shares of this company associated with cigarette and Tobacco industry have had a jump of 1562 percent in the last six months and 887 % in three months. At the same time, if we talk about the last one month, then during this time the shares of the company have registered a lead of 116 percent. The headquarters of this company, built in 1987, are in New Delhi.

Elchon International Limited India as well as the United Arab Emirates, Singapore, Hong Kong, Europe and United Kingdom produces and trade products related to it. Its product range consists of cigarettes, pouches khaini, jarda, flavored molecis tobacco, filter khaini etc.

Made a lot of profits in the first quarter

The company sells its products under Inhail, Al Noor and Gurh Gurh Brands. It was earlier known as Kashiram Jain & Company Limited. In November 2019, its name was changed to Elchon International Limited. The company also exports its products to other countries. The company earned a profit of Rs 20.41 crore in the first quarter of 2025, which shows a growth of 349.56 percent on an annual basis. The company had a profit of Rs 4.54 crore in the same quarter of a year ago.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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