Small-cap stock under ₹50 Elitecon International jumps after leadership revival move

Elitecon International shares rose about 4 percent on NSE after the company announced the appointment of Vipin Sharma and Pradeep Kumar as Executive Additional Directors, effective July 22, 2026, subject to shareholder approval. The stock opened at around Rs 15.60 and touched an intraday high of Rs 16.17. Despite the day's gain, the stock has declined around 11 percent in a week, 42 percent in a month, and about 90 percent over the past year.