Multibagger Stocks: Today we are going to talk about those stocks in the stock market, whose price was only one rupee and it changed the fortunes of the investors. Although the shares of FMCG company Elitecon International Limited fell slightly and were trading at Rs 145.70 on November 12, the company has announced an interim dividend on shares with a face value of Re 1 during the current financial year.
Elitecon’s shares become multibagger
In fact, during the last one year, the shares of this company have given a return of about 11,000 percent. After this performance, Elitecon’s shares have become one of the fastest growing multibagger stocks in the country. This means that if an investor had invested Rs 1 lakh a year ago, today its value would have increased to more than Rs 1.1 crore.
In the application filed by the company in BSE on September 29 this year, it was said that the rise in its stocks is completely market driven and no information related to operations or performance has been hidden.
What does the company do?
This company engaged in the manufacturing of smoking products has set the record date for dividend on November 12, 2025. In such a situation, any investor who holds shares of the company will be eligible to receive its dividend.
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Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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