THIS company hits upper circuit, shares update on proposed acquisition
Shares of Elitecon International, a fast-moving consumer goods (FMCG) company, continued their upward trajectory on Thursday, July 17, 2025. This was a remarkable feat, considering the market's volatility due to fresh foreign fund outflows. The counter opened with a significant gain of 5 per cent today at Rs 119.11, a clear indication of the company's resilience. This also marks a fresh 52-week high for the company, a testament to its strong performance even in challenging market conditions. Company Shares Update On Proposed Acquisition
On a different note, the company has made a strategic decision regarding its proposed acquisition. In a recent filing to the exchanges, the company's board has decided to put the acquisition of 100 per cent equity shares of Prime Place Spices Trading LLC on hold. This decision, which renders the earlier signed Share Purchase Agreement and related documents null and void, is a clear indication of the company's careful and informed approach to its business dealings.
Share Price History
According to BSE Analytics, Elitecon International's stock has delivered an outstanding return of 1,048 per cent so far this year, and an impressive 808 per cent in the past six months. This exceptional performance is a testament to the company's strong market position and its ability to generate high returns for its investors.
Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 4 (ST ASM-4) framework. This measure, which is implemented to [explain the purpose of the measure], could potentially [describe the potential impact on the stock's trading]. 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.
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Users are advised to check with certified experts before taking any investment decisions. About the Author Varun Yadav Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian More Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. view comments Location : New Delhi, India, India First Published: July 20, 2025, 09:04 IST News business » markets Dividend Stocks: LIC, Hero MotoCorp, InfoEdge Among 124 Stocks To Trade Ex-Date This Week Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. 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News18
14 minutes ago
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Kazipet Railway Manufacturing Unit to Begin Production by 2026, Says Ashwini Vaishnaw
'We will start the manufacturing process here in 2026. This factory has big potential; coaches, along with engines, can be manufactured here. Metro can also be manufactured here," Vaishnaw told the media after the meeting. 'It was a big dream of Telangana to have a coach manufacturing unit in Kazipet. PM Modi has made efforts for many years to fulfil this dream. This is a mega factory for manufacturing railway coaches…It is a modern factory. We are using modern technology here. Rs 500 crore is being invested here," he added. Prime Minister Narendra Modi had in July 2023 laid the foundation stone for several crucial infrastructure development projects in Telangana worth around Rs 6,100 crores in Warangal. The development works included 176 km long National Highway Projects worth over Rs 5,550 crores and a Railway Manufacturing Unit in Kazipet to be developed at a cost of over Rs 500 crore.
