Multibagger stock, Dec. 17 -- Elitecon International share price surged 5% upper circuit to Rs.126.60 apiece in Wednesday's trading session. The stock has been hitting the upper circuit for eight consecutive sessions.

The small-cap multibagger stock has surged as much as 40% in last eight sessions. In fact, the stock has doubled its investors wealth by giving 120% returns in just six months and 1,121% in terms of year-to-date (YTD).

Elitecon has signed a $97.35 million or Rs.8.75 billion multi-year export agreement with UAE-based Yuvi International Trade FZE, marking one of the larger finished FMCG-tobacco export deals from India to the Middle East.

The company said the agreement entails supplying cigarettes, premix sheesha, hookah tob...