Share Market News: ₹1 lakh turned into ₹85 lakh, this stock changed the fortunes of investors in just 1 year

Share Market News: The ups and downs in the Indian stock market are not stopping. On Thursday, the market once again closed with a decline. The Sensex closed down 345.80 points at 83,190.28 points, while the Nifty 50 saw a loss of 120.85 points and closed at 25,355.25 points. During this decline, the shares of most companies remained in the red mark. However, even in this bearish environment, there were some companies that challenged the market trend and attracted investors.

Elitecon International shines

One of these select companies is Elitecon International, whose shares performed brilliantly despite the decline in the market. On Thursday, the company's shares saw a rise of 4.99 percent on the BSE, and it reached a price of Rs 93.34. The shares of this tobacco company have been hitting an upper circuit continuously for the last several days, due to which it is touching a new 52-week high every day.

Extraordinary returns in one year

The story of Elitecon International shares is no less than a miracle. A year ago, i.e. in 2024, the share of this company was only Rs 1.10. Today it has reached Rs 93.34. This means that in the last one year, this stock has given a return of 8385 percent. If an investor had invested Rs 1 lakh a year ago, today its value would have increased to Rs 84,85,446.06.

Calculation

90,909 shares could have been purchased for Rs 1 lakh at the rate of Rs 1.10 per share.

According to today's price (Rs 93.34 per share), the total value of these shares is Rs 84,85,446.06.

Rise in market cap

The continuous upper circuit in the shares of Elitecon International has also affected the market cap of the company. According to BSE data, the company's market cap has now reached Rs 14,920.40 crore. This achievement reflects the strong position of this company and the confidence of investors.

Lessons for investors

This extraordinary growth of Elitecon International has once again taught investors that investing in the right company at the right time can yield extraordinary returns. However, investing in the stock market is always fraught with risks, and experts advise that it is important to do a thorough analysis of the company's fundamentals, market trends and risks before investing.

Disclaimer: This article is written for information purposes only. Please consult your financial advisor before making any kind of investment or taking any financial risk. Zoom News will not be responsible for any kind of risk.