Deal▼ Bearish for Elitecon International

Elitecon International seals up to $60 million South Africa tobacco supply deal; stock slides

1 source · first seen 17:50 28 Sept · updated 17:50 28 Sept

The brief

Written from 1 report · check the source before you trade

Elitecon signed a South Africa tobacco supply deal worth up to $60 million
The agreement is expected to add South Africa to its network and create jobs at its Nashik plant
The contract may support Elitecon’s growth, though the stock slid; investors are exposed to its execution

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1 report · earliest 17:50