On April 23, 2026, Elitecon International shares increased by 5%, defying the general downturn in the stock market caused by brent crude oil prices exceeding $100 per barrel following geopolitical tensions in the Strait of Hormuz. This surge comes after the stock previously hit a 5% lower circuit limit in two trading sessions. Elitecon International, which specializes in fast-moving consumer goods (FMCG) and tobacco, recently announced a long-term supply agreement worth ₹202 crore with South Africa's Bozza Tobacco (PTY) for various tobacco products. The company's Q3 FY26 financial results showcased a remarkable performance, with revenues soaring to ₹1,741.26 crore, compared to just ₹94.12 crore in the same quarter last year. The profit after tax also surged to ₹103.57 crore, reflecting effective cost management and strong revenue growth. Overall, Elitecon International's stock has demonstrated a 5.37% increase over the last two weeks, marking a positive trend amidst market volatility.