New Delhi, June 10 -- Shares of Elitecon International were locked in the 20% upper circuit in Wednesday's trade on June 10, hitting the day's high of Rs.32.41 apiece. The sharp rally came after the company announced a strategic roadmap to build a diversified FMCG platform targeting approximately Rs.20,000 crore in revenue by FY2030.

The company's expansion strategy is anchored on a dual-platform model comprising its international tobacco export business and a phased FMCG rollout focused on packaged foods and snacks, edible oils, and everyday household essentials.

The planned FMCG expansion will be supported by the company's existing 40,000+ sq. ft. manufacturing facility in Nashik, Maharashtra, along with proposed capacity enhancement ...