New Delhi, Sept. 10 -- Penny stock below Rs.10 Elitecon International share price bucked the muted trend on Dalal Street on Thursday, September 10, gaining 5% from its previous close. The stock, however, remains under intense selling pressure across multiple timeframes.

Elitecon International shares opened at their 52-week low of Rs.7.09 in Thursday's session. The stock subsequently staged a sharp recovery, climbing more than 10% from that low to touch Rs.7.83. From its previous close, the penny stock was up 5%.

The recovery came even as India's benchmark indices struggled for direction in early trade. The Sensex and Nifty opened on a weak note as crude oil prices remained above the $100-per-barrel mark amid persistent geopolitical tens...