New Delhi, Jan. 14 -- Shares of multibagger stock Elitecon International climbed 7% from the day's low, benefiting from a recovery in the domestic benchmark indices. The Elitecon International share price today opened at Rs.81.95 each on the BSE and reached an intraday high of Rs.87 per share, with an intraday low of Rs.81.51.

The Nifty 50 and Sensex declined on Wednesday as foreign investors continued to sell amid worries about trade conflicts, rising crude oil prices, and geopolitical tensions. Nevertheless, the main indices bounced back, but volatility continues to linger.

Elitecon International recently revealed that its board is considering a strategic merger plan aimed at enhancing business synergies.

The board's consideration of...