New Delhi, June 12 -- Once a penny stock, Elitecon International has emerged as one of the most extraordinary success stories on Dalal Street, transforming from a little-known penny stock to a massive multibagger in less than a year. With an astounding rally of over 5,100 percent from its 52-week low of Rs.11.02 in August last year to recent levels around Rs.550, the stock has turned a modest Rs.1 lakh investment into a staggering Rs.52.5 lakh. This meteoric rise has drawn investor interest and market attention, making it a standout performer in India's small-cap and penny stock space.

Elitecon International hit its 52-week high of Rs.629.55 earlier this month, marking an over 5,157 percent gain from its 52-week low. The stock has delive...