Foreign fund EBISU cuts Elitecon stake to 4.85% via market sale

Fii Holding DeclinedOwnership Changes View source PDF Explain this filing

ELITECON · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.5%Reaction day

₹8.75

prior close

₹9.09

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.2% vs market

Fast Moving Consumer Goods peers, median of 309sector · sector level+0.6%+3.8% vs sector

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250 and 3.8 pts more than its Fast Moving Consumer Goods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

+0.1

15m

+0.3

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.5+1.3+3.2+0.6+3.8

Next day

+9.5-0.2+9.7-0.0+9.5

+3.8+0.1+3.7+0.2+3.6

-1.4-1.5+0.1-1.0-0.4

-6.3-0.5-5.8-1.5-4.8

-9.7-0.8-9.0-1.7-8.0

-14.4-2.0-12.4-2.7-11.7

15d

-18.9-3.4-15.5-1.9-17.0

-19.2-9.9-9.3-8.2-11.0

—————

UpDownMarket · Nifty Microcap 250Sector · Fast Moving Consumer Goods peers, median of 309Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Foreign fund EBISU Global Opportunities Fund sold about 2.42 crore shares (1.52% stake) of Elitecon International through market sale between July 10 and September 18, 2026. Holding dropped from 6.37% to 4.85%, now below the 5% disclosure threshold. Acquirer is not a promoter. Company recently underwent a 10:1 share split.

Likely market impact

Non-promoter foreign fund reducing stake may signal weak sentiment; stock could see short-term selling pressure from this exit.