Upper circuit alert: Stock under Rs 100 surges 5% amid heavy trading volume, check details
Mumbai: Shares of Elitecon International Ltd., a cigarette and tobacco product manufacturer, hit the 5 per cent upper circuit on Thursday as stock market benchmark indices Sensex and Nifty bounced back. The stock opened gap up with a gain of 2.42 per cent at Rs 53.80 against the previous close of Rs 52.53 on the BSE. It jumped further to Rs 55.15, to lock in 5 per cent upper circuit. The market cap of the company stood at Rs 8,815.73 crore. The action in the stock comes amid heavy trading activity. According to data available on the BSE, 6,30,444 equity…