Elitecon International Secures USD 97.35 Million Export Contract, Boosting BSE Stock

Elitecon International Limited has reported a major export supply order that is expected to shape revenue visibility for the next two years, while the Elitecon International stock reacted sharply on the BSE. The FMCG company, which focuses on cigarettes and tobacco products, said the contract complies with prevailing SEBI disclosure requirements.

The supply agreement has been awarded by Yuvi International Trade FZE, an overseas counterparty. Under this contract, Elitecon International will supply cigarettes, premix sheesha, hookah tobacco, smoking mixtures and other tobacco-linked products for a term of two years. The total order value stands at about USD 97.35 million, estimated at Rs 8.75 billion.

Following the announcement, Elitecon International stock opened weaker on the BSE at Rs 108 per share on Monday, December 15. During the afternoon session, the share price reversed early losses and climbed to the upper circuit level of Rs 114.84, marking a 5% intraday gain. The company’s market capitalisation moved past Rs 18,350 crore.

The company has clarified that the supply order has been received in the ordinary course of business. The transaction does not involve any participation by the promoter or promoter group and is not categorised as a related party transaction. Elitecon International stated that the arrangement helps improve operational planning and utilisation of manufacturing capacity while offering clear export visibility.

Management also highlighted that the contract supports Elitecon International’s push into Middle Eastern markets. The order aligns with the stated strategy of scaling exports and building a business model that aims for long-term sustainability and larger volumes. The product basket under the agreement is concentrated in tobacco-based categories, which remain the company’s core activity.

Elitecon International stock technical analysis and price trend

Despite the latest 5% rise to Rs 114.84, Trendlyne technical analysis suggests a weak medium to long-term set-up for Elitecon International Ltd. (KASHIRAM). Trend-following indicators show the current price trades below the 50-day Simple Moving Average of 133.9 and the 200-day Simple Moving Average of 116.8, implying an overall negative trend bias.

Short-term momentum signals look more balanced. The Day Money Flow Index stands at 45 and the Day Relative Strength Index reads 47.8, placing both indicators in the mid-range zone. Trendlyne data also points to a very low one-year beta, which indicates limited price volatility for Elitecon International stock relative to the broader market.

Even after a steep one-year gain of almost 1,263%, Elitecon International Ltd. (ELITECON) continues to trade well below its peak. The share price remains 74.12% under its 52-week high, and Trendlyne classifies the Elitecon International stock as an "Expensive Performer" that has corrected significantly from its yearly top.

Key price and technical levels for Elitecon International stock are shown below.

Parameter	Value
Latest price (intraday high)	Rs 114.84
Opening price on December 15	Rs 108.00
Market capitalisation	Rs 18,350 crore (approx.)
SMA-50	Rs 133.9
SMA-200	Rs 116.8
Day MFI	45
Day RSI	47.8
One-year price return	~1,263%
Distance from 52-week high	-74.12%

Elitecon International stock corporate actions and shareholder returns

Elitecon International executed a 10:1 stock split in June 2025. Each equity share with a face value of Rs 10 was subdivided into shares with a face value of Rs 1. The record date for this corporate action was June 25, 2025, and the move aimed to improve liquidity and benefit existing shareholders.

The company later announced an interim dividend in November 2025. Eligible investors received Rs 0.05 per share, with November 12, 2025 fixed as the record and ex-dividend date. These actions, combined with the export-focused supply order and current technical picture, provide finance readers with a mixed yet detailed view of Elitecon International stock.