New Delhi, Jan. 20 -- Elitecon International share price hit the 5% upper circuit limit in Tuesday's trading session, despite domestic equity indices dropping to their lowest levels in more than two months today. Elitecon International share price today opened at Rs.71.40 apiece on the BSE, the stock touched an intraday high of Rs.78.20 per share.

Multibagger small-cap stock recently announced that its board is considering a merger involving Sunbridge Agro Private Limited, Landsmill Agro Private Limited, and Golden Cryo Private Limited with Elitecon, pending regulatory approvals, according to their filing.

Through this merger, Elitecon aims to unify various business sectors while enhancing scale, operational efficiencies, and optimized ...