Multibagger Stock: The company sells its products under the Inhale, Al Noor, and Gurh Gurh brands. It was formerly known as Kashiram Jain & Co. Ltd. It was renamed in November 2019.

Multibagger Stock: Betting on penny stocks may be risky, but sometimes they also give huge returns. Today through this news, we are going to tell you about a penny stock which has now become a multibagger. Here we are talking about Elitecon International, which has been making investors rich for the past several years.

The price rose so much in a year 

Whereas a year ago the price of its share was Rs 1.16. Now it has taken a big leap to reach Rs 363.35. That is, in just one year the company's shares have seen a tremendous rise of 31223 percent. However, it is still below its 52-week high level of Rs 422.65. Recently, on August 25, the company's shares touched this level. At the same time, its 52-week low level has been Rs 1.10. 

The company is consistently giving good returns 

The shares of this company, which is associated with the cigarette and tobacco industry, have jumped 1562 percent in the last six months and 887 percent in three months. If we talk about the last one month, then during this period the company's shares have registered a growth of 116 percent. The headquarters of this company, formed in 1987, is in New Delhi.

Elitecon International Limited manufactures and trades tobacco and related products in India as well as in the United Arab Emirates, Singapore, Hong Kong, Europe and the United Kingdom. Its product range includes cigarettes, pouch khaini, zarda, flavored molasses tobacco, filter khaini, etc. 

Made huge profits in the first quarter 

The company sells its products under the Inhale, Al Noor and Gurh Gurh brands. It was formerly known as Kashiram Jain & Co. Ltd. In November 2019, its name was changed to Elitecon International Ltd. The company also exports its products to other countries. In the first quarter of the financial year 2025, the company earned a profit of Rs 20.41 crore, which shows a growth of 349.56 percent on an annual basis. The company had a profit of Rs 4.54 crore in the same quarter a year ago.