Elitecon International shares jumped 11% on Monday, reaching ₹19.85 on the Bombay Stock Exchange, in a stark divergence from the broader Indian equity market.
The rally occurred as major indices across Asia and Europe sold off sharply amid escalating military tensions between the United States and Iran.
On Thursday, Elitecon shares had surged more than 9% to touch ₹26 before reversing course and failing to hold those gains.
While global risk assets faced severe pressure, Elitecon emerged as one of the few bright spots in the Indian small-cap segment.
The move marks a continuation of heightened volatility for the stock.
On Thursday, Elitecon shares had surged more than 9% to touch ₹26 before reversing course and failing to hold those gains.
The subsequent intraday collapse highlighted the speculative nature of the recent trading activity, with the stock now attempting to stabilize at lower levels after the sharp pullback.