During the trading session on Wednesday, January 7, 2026, shares of the multibagger small-cap firm Elitecon International reached its upper circuit level despite the general negative trend, which resulted in a third day of losses for the Indian stock market amid conflicting global signals.
Elitecon International Stock Hits Upper Circuit Amid Weak Market
According to BSE statistics, Elitecon International’s stock reached its intraday high and upper circuit level of ₹96 during Wednesday’s trading session, while the lower circuit level was at ₹86.86 with a 5% price tolerance range.
In anticipation of the impending Q3 results for 2026, the major Indian stock market indexes fell down for the third straight session. After Wednesday’s trading session, the Nifty 50 index finished at 26,140.75 points, down 0.14% from the previous market closing of 26,178.70 points.
Indian Market Extends Losing Streak
According to exchange statistics, the BSE Sensex ended the previous trading session at 84,961.14 points, down 0.12% from 85,063.34 points. According to BSE statistics, Elitecon International shares ended Wednesday’s trading session 4.85% higher at ₹95.86, up from ₹91.43 at the previous stock market close.
Elitecon International shares have increased by over 7,053% from the company’s August 2024 debut, providing stock market investors with gains of over 755% over the last year.
Multibagger Performance Overview
According to exchange statistics, the company’s shares have increased 6.32% over the last month, although they have traded 4.04% over the previous five trading sessions on the Indian stock market.
According to BSE statistics, Elitecon International shares reached their 52-week high of ₹422.65 on August 25, 2025, and their 52-week low of ₹11.21 on Wednesday, January 7, 2025. As of the stock market end on January 7, 2026, the company’s market capitalization (M-Cap) was ₹15,323.22 crore.
52-Week High, Low, and Market Capitalization
📈 Elitecon International: Key Stock Highlights
- Upper Circuit: ₹96 on January 7, 2026
- Session Close: ₹95.86 (+4.85%)
- 1-Year Return: Over 755%
- Since Listing: Gain of more than 7,053%
- Market Cap: ₹15,323.22 crore
- Investor Focus: Q3 FY26 results
According to an exchange filing, Elitecon International declared on December 26, 2025, that it has expanded its capital borrowing authority to ₹500 crore under Section 180 (1) (C) of the Companies Act 2013.
The business notified the stock markets in its filing that it has “increased the Borrowing Powers under Section 180(1)(C) of The Companies Act, 2013 up to ₹500 crores, subject to shareholders approval.”
Borrowing Powers Increased
The business intends to use the higher limit for investments, loans, guarantees, and security. Additionally, they designated G Aakash & Associates proprietor Aakash Goel as the company’s EGM scrutinizer.
