Tobacco Stock in Focus After Signing Up to $60 Million Supply Deal With South Africa's World-Class 77
India, Sept. 28 -- The tobacco and FMCG-focused company Elitecon International has added a new name to its export book, this time from Africa. The deal carries a headline figure large enough to matter against the company's own revenue, and it arrives soon after a leadership reset. But the fine print tells a more careful story, from payment timelines to the absence of purchase commitments. Read on to find out what the agreement means for the company, its financial numbers and its overseas growth ambitions.
Shares of Elitecon International Ltd are trading at Rs. 8.78, down 3.30 percent on Monday. The stock touched an intraday high of Rs. 9.40 after opening at Rs. 8.63, which also marked its low for the day . The company commands a market ...
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