Shares of fast-moving consumer goods (FMCG) company Elitecon International continued the upward trend even on Thursday, July 17, 2025, even as the market remained volatile amid fresh foreign fund outflows that have kept the investors on the edge. The counter opened with a gain of 5 per cent today at Rs 119.11 against the previous close of Rs 113.44 on the BSE. This is also the company's fresh 52-week high. The 52-week low is Rs 119.11.
Company Shares Update On Proposed Acquisition
Meanwhile, the company has informed exchanges that its board has resolved to place the proposed acquisition of 100 per cent equity shares of Prime Place Spices Trading LLC on hold. "As a result, the Board has resolved to place the proposed acquisition on hold and the earlier signed Share Purchase Agreement along with related documents shall be considered null and void," the filing reads.
Share Price History
According to BSE Analytics, the stock has given a multibagger return of 1,048 per cent so far this year and 808 per cent in six months.
Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 4 (ST ASM-4) framework.
Stock Market Today
Equity benchmark indices Sensex and Nifty started the day on a firm note on Thursday but later faced selling pressure, with investors remaining in a wait-and-watch mode, as hopes are pinned on a favourable outcome from the US-India trade talks.
Fresh foreign fund outflows also dented investors' sentiment as they preferred staying on the sidelines.
The 30-share BSE Sensex climbed 119.05 points to 82,753.53 in opening trade. The 50-share NSE Nifty went up by 18.7 points to 25,230.75.
However, later the BSE benchmark quoted 71.51 points lower at 82,554.47, and the Nifty traded 30.30 points down at 25,182.55.
From the Sensex firms, Sun Pharma, Tata Motors, Kotak Mahindra Bank, Trent, NTPC and Bharat Electronics were among the gainers.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
