Elitecon International shines on bagging Rs 202 crore long-term supply contract
Elitecon International is currently trading at Rs. 41.46, up by 1.96 points or 4.96% from its previous closing of Rs. 39.50 on the BSE.
The scrip opened at Rs. 40.00 and has touched a high and low of Rs. 41.47 and Rs. 39.30 respectively. So far 1485059 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 422.65 on 25-Aug-2025 and a 52 week low of Rs. 32.26 on 02-May-2025.
Last one week high and low of the scrip stood at Rs. 41.47 and Rs. 37.45 respectively. The current market cap of the company is Rs. 6627.38 crore.
The promoters holding in the company stood at 59.43%, while Institutions and Non-Institutions held 38.00% and 2.57% respectively.
Elitecon International has secured a long-term supply contract worth around Rs 202 crore from Bozza Tobacco (PTY). The contract includes supply of company’s Tobacco Products -- cigarettes with the brand name of Red and Black, B&W, Cape, Ossum, Golden Flake etc. The contract period is of two years.
This long-term supply order provides the company with steady export visibility over the contract period and reflects continued demand for its products in international markets. It also strengthens the company’s presence in South African markets and aligns with its ongoing focus on expanding exports and building a sustainable, scalable business model. This contract will a stepping stone to enter into the African Continent.
