Small-cap stock under ₹50 Elitecon International retraces after jumping 9% following stock market rebound. Do you own?

Elitecon International shares retraced after surging over 9% intraday to touch about ₹26 on BSE, though the small-cap stock remains under severe pressure with a YTD decline of 76.55% and a 73% fall over the past year. The company had delayed submission of its audited financial results for the quarter and year ended March 31, citing internal finalisation of consolidated statements. Separately, the firm outlined an FMCG expansion roadmap targeting roughly ₹20,000 crore in revenue by FY2030, backed by an indicative capital outlay of about ₹700 crore and an order book exceeding USD 119 million across Africa and the Middle East.