New Delhi, April 17 -- Elitecon International share price hit upper circuit for the third straight session on Friday, led by strong buying momentum. The small-cap stock rallied as much as 5% to Rs.43.52 apiece on the BSE, extending its gains for the third straight session.

The rally in Elitecon International shares was supported by strong trading volumes. Around 22 lakh equity shares of Elitecon International changed hands on stock exchanges on April 17, as compared with its one month average trading volumes of 15 lakh shares.

The recent gains in the FMCG and tobacco company, Elitecon International, came after the company said it was awarded a long-term supply contract from South Africa-based Bozza Tobacco (PTY) for the supply of cigare...