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India TV News

Elitecon International hits 10% upper circuit at Rs 18.94 on August 4, 2026 as volumes jump 3.11x

AI Market Summary
Elitecon International hit a second straight 10% upper circuit on heavy volumes while Indian benchmarks were mixed after a new F&O share-auction mechanism. The move appears idiosyncratic and is tempered by the stock being placed under ST ASM1 surveillance and weak longer-term trend levels. Broader risk signals were mixed: FIIs were net buyers, Asian equities mostly softer, and Brent rose.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.25%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Shares of FMCG company Elitecon International surged in early trade on August 4, 2026, with turnover rising 3.11 times and the stock hitting a 10% upper circuit at Rs 18.94. The move marked a second straight session of upper-circuit gains, taking the two-day advance to more than 17%. The spike came as India rolled out a new auction mechanism for shares with futures and options (F&O) contracts, while Sensex and Nifty traded in opposite directions. The company’s market capitalisation stood at Rs 3,003.58 crore.
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