New Delhi, Oct. 15 -- Elitecon International share price hit a 5 per cent upper circuit on Wednesday. The multibagger stock has been hitting the upper circuit for four consecutive sessions.

At 1:10 pm, the Elitecon International shares were trading 4.97 per cent up at Rs.173.10.

The multibagger stock has witnessed a significant rally of 21 per cent in the past five trading sessions and, in fact, has more than doubled its long-term investors' wealth by surging over 350 per cent in six months.

On October 1, Elitecon International announced its plans to acquire stake in two entities - Landsmill Agro Private Limited and Sunbridge Agro Private Limited.

Elitecon International has purchased a 55 per cent equity stake in Landsmill Agro Pvt Lt...