Multibagger

Elitecon International shares rose 7% amid a market recovery, reaching an intraday high of ₹87. The company's board is exploring a strategic merger to enhance synergies, supported by Deloitte. Q2 FY2026 saw operational income soar to ₹5,056.75 crore, with a net profit increase of 129%.

The small-cap stock opened in the red at ₹31.28 in the early morning session on Wednesday. However, the stock pared losses, gained nearly 10% from the intraday low level.

Ashish Kacholia portfolio: Balu Forge share price jumped 13.16% to the day's high of ₹499.40 as against the last closing price of ₹441.30, recouping nearly half of the 27% fall the BSE Smallcap stock recorded during the nine days of losses.

One Point One Solutions share price rose over 3% in one month and 6% in one year. The smallcap stock has delivered multibagger returns of 230% in three years and more than 2,000% in the past five years.

ITI share price opened at ₹316.60 in the early morning session on Tuesday, as compared to the previous close of ₹296.10 on Monday and rose to the day's peak of ₹316.15.

Network People Services Technologies closed higher in three out of the last four calendar years, delivering multibagger returns in three of those years. 2023 was the standout year, with a surge of 1012%.

Himadri Speciality Chemicals has seen an impressive 832% surge over five years. With ambitious expansion plans into lithium-ion battery materials and carbon black, the company looks poised for significant growth.

Elecon Engineering's stock plummeted 16% after reporting a Q3FY26 net profit drop of 33%. Despite challenges, the company cites a strong order book and improving inquiry levels as reasons for potential revenue recovery ahead.

According to the exchange filing, Apollo Micro Systems has received the trading approval for 1,21,47,964 equity shares of ₹1 each, issued and allotted on a preferential issue basis to the promoters and non-promoters.

Multibagger small-cap stock: Elitecon International shares edged higher on Thursday, 8 January 2026, despite an overall Indian stock market crash, as the company disclosed its capex expansion plans. Here's what investors need to know.