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Elitecon International a smallcap stock achieved a significant milestone on Monday July 21 2025 by hitting a fresh 52-week high. This remarkable feat was accomplished amidst a highly volatile stock market in the early trade. The stock opened with a gain of 5 per cent today starting the trading session at Rs 131.25 the upper circuit of the counter. This surge in stock value is a testament to the companys resilience and potential. The market cap of the company is Rs 20.980 crore and the scrip has been on an upward trajectory for the last 21 days marking a rise of 165.74 per cent in the period. Technically it trades higher than the 5-day 20-day 50-day 100-day and 200-day moving averages indicating a strong performance. Company Plans To Raise Funds Via QIP The company has informed exchanges about its strategic move to raise capital. The board of directors is set to convene to discuss and approve the raising of capital by issuing equity shares via a Qualified Institutions Placement (QIP) valued at Rs 300 crores on Friday July 25. This proactive step demonstrates the companys commitment to its growth and development. Raising of funds by issue of Equity Shares through Qualified Institutions Placement (“QIP’) for an aggregate amount up to Rs.3000000000/- (Rupees Three Hundred Crores) (inclusive of such premium or discount as may be fixed on such Equity Shares) subject to the receipt of approval of the Members of the Company and such other approval(s)/permission(s)/ consent(s)/ sanction(s) of any government/regulatory/ statutory authorities as may be required the company said in an exchange filing. Share Price History According to BSE Analytics Elitecon Internationals stock has been a standout performer delivering a multibagger return of 1165.67 per cent so far this year. In six months the counter has surged by 881 per cent and in three months it has seen a remarkable increase of 246 per cent. This detailed stock price history provides a comprehensive view of the companys stock performance empowering the audience with valuable insights. Market Remains Volatile Meanwhile equity benchmark indices Sensex and Nifty dropped in early trade on Monday. However they rebounded amid buying in the blue-chip stocks ICICI Bank and HDFC Bank. The 30-share BSE Sensex declined 148.68 points to 81609.05 in early trade despite a positive start. The 50-share NSE Nifty dropped 67.55 points to 24900.85. Later both the benchmark indices bounced back and were trading in the green. The BSE benchmark quoted 181.30 points higher at 81944.67 and the Nifty traded 36.75 points up at 25009.10.