Small-cap stock under ₹50: Elitecon International shares jump 11% despite stock market crash amid US-Iran war jitters

Elitecon International share price jumped over 11 percent to around Rs 19.85 on the BSE despite a broader market selloff, after the company announced progress on restoring its banking operations following SEBI proceedings. Kotak Mahindra Bank has communicated removal of the lien or restriction from the company's account, which had been frozen under a March 30, 2026 SEBI ex parte Interim Order restricting debits from the noticees' bank accounts. The stock remains down about 85 percent over the past one year, even as the company plans to normalise payments, resume hiring and pursue new business initiatives.