The share of 1 rupee reached beyond 247, made 2.4 crores for 1 lakh in a year, what work does this company do

New Delhi. The eyes of the stock market investors are always looking for a stock that can also convert their minor investment into crores. If you are also sitting in the face of any such magical stock, then Elitecon International can complete your search. This stock has increased the money of its investors by about two and a half hundred times (250) within just a year. Today is also a double millionaire who invests lakhs of rupees in this stock.

You can guess the performance of Elitecon International Stock from the fact that it has doubled the money of its investors in the last 15 days. During this time, out of 45 days, it has put up an upper circuit. Looking at the price of the stock, its lowest price has been Rs 1.10 per share in the last 52 weeks. But, now it is running above the price of Rs 247. This means that Stock has given its investors about 247 times the benefit, that too within a year.

Even today, 5 percent jump

Talking about the rise in the shares of Elchon International, it was trading on a 5 per cent jump on Thursday morning. Its price living around 1 rupee at one time has reached 247.30 rupees today. This is also a record high level of stock and the highest price of 52 weeks. This stock has given a return of 178 percent within a month and more than 1,200 percent in 6 months. Talking about a year, more than 20 thousand percent returns have been received in it.

How many of 1 lakh happened in a year
Talking about the boom in the company’s stock, if someone had invested Rs 1 lakh on its all -time, then its amount would have increased to Rs 2.40 crore today. In the last 52 weeks, the lowest price of this company’s stock was Rs 1.10. The company’s market cap is around Rs 39,530 crore. This means that it is a large cap company and a multi -cap company becoming a multibagger in this way is also surprising to the experts with investors.

Why the stock is doing so much

Its promoters holding and share of foreign investors matters a lot behind the tremendous performance of this stock. While the share of promoters in the company is 59.5 per cent, foreign investors are 38.26 per cent. This increases the trust of stock and company in investors. This is the reason that its stock has been steadily fast since last year.

What does the company work
Elchon International was established in the year 1987 and makes tobacco products. It is an FMCG company and has trading in many other countries of Europe including UAE, Singapore, Hong Kong and UK including India. The company has recently acquired Dubai Leading FMCG company Prime Place Spices Trading. After this deal, the company’s global access has increased more.