FMCG stock gains after 9 days, hits upper circuit even as markets drift lower amid fresh US-Iran tensions
Shares of fast-moving consumer goods (FMCG) company Elitecon International reversed course today, gaining after nine consecutive falls. The action in the stock comes even as benchmark indices Sensex and Nifty drifted lower as elevated crude oil prices and fresh US-Iran tensions weighed on investors' sentiment. The counter opened in the red at Rs 10.12, down from the previous close of Rs 10.65. This is also its 52-week low. Amid a spurt in volume by more than 3.30 times, the counter gained and was locked in 5 per cent of upper circuit of Rs 11.18. Last seen, the stock was trading…