Elitecon International shares triggered a 10% upper circuit on the National Stock Exchange on Tuesday, marking the second consecutive session of sharp buying interest.
The stock opened at ₹17.19 and climbed to an intraday high of ₹18.90, continuing a momentum-driven rally that has defied muted trends across Dalal Street.
The move follows an 11% surge on Monday, when shares on the Bombay Stock Exchange reached ₹19.
The move follows an 11% surge on Monday, when shares on the Bombay Stock Exchange reached ₹19.85.
The two-day rally represents a stark divergence from the broader Indian equity market, which has faced headwinds amid softer performance in major Asian and European indices.
Elitecon’s shares had previously closed at ₹15.55 on Friday before the recent spike began.
The sustained buying pressure in the small-cap name highlights speculative interest in the sector, even as broader market sentiment remains cautious.