This came after the company announced its second-quarter results along with an interim dividend for shareholders.

Shares of Elitecon International Limited, a fast-moving consumer goods (FMCG) company, hit the 5 percent upper circuit on the BSE. This came after the company announced its second-quarter results along with an interim dividend for shareholders.

According to the company's exchange filing, net profit for the quarter ended September 2025 rose 128 percent to Rs 20.19 crore, compared with Rs 8.84 crore in the same period last year. Revenue from core operations increased sharply to Rs 504.89 crore, up from Rs 79.13 crore a year ago, more than a five-fold rise.

The company's board approved an interim dividend of 5 percent, equivalent to Rs 0.05 per equity share of face value Rs 1 for the financial year 2025-26. The record date to determine shareholder eligibility for the dividend has been set as November 12, 2025.

Following the announcement, the stock opened in positive territory and hit its upper circuit limit at Rs 170.90. At this level, the company's market capitalization stood at Rs 27,318 crore. Over the past year, the stock has gained more than 3,317 percent, with a 1,547 percent return so far in 2025 alone.

According to BSE Analytics, the stock has delivered a 19 percent return in the past week, 2 percent over the past month, and 382 percent over the last six months. The 14-day Relative Strength Index (RSI) stands at 47.05, indicating that the stock is neither overbought nor oversold.

The BSE has placed Elitecon International Limited under the Short-Term Additional Surveillance Measure (ST-ASM-4) framework to monitor trading activity.

The company's stock has a 52-week high of Rs 422.65 and a 52-week low of Rs 4.90, reflecting significant volatility amid its rapid appreciation.