Share Market: Smallcap company Elitecon International which manufactures tobacco-based products has made a big announcement for its investors. The company has decided to do a stock split for the first time to reward investors and increase the liquidity of the shares. Giving this information to the stock market on Saturday the company said that the board has approved a stock split in the ratio of 10:1. That is a share with a face value of Rs 10 will be split into 10 shares with a face value of Rs 1. The company has set June 25 2025 as the record date for the stock split. That is only those who hold the companys shares till this date can take advantage of the stock split. Elitecon International said in an exchange filing June 25 has been fixed as the record date after which investors will get the right to convert one share with a face value of Rs 10 into 10 shares with a face value of Rs 1. A stock split is a corporate decision to make shares more accessible and affordable to retail investors. In this the face value of the share is reduced which also reduces its trading price in the same proportion. The RSI (Relative Strength Index) of the stock is currently 62.1 which indicates that the stock is neither overbought nor oversold. It can be considered slightly bullish to neutral. When the RSI is above 70 the stock is considered overbought while if it is below 30 it is oversold. What does the company do? Elitecon International manufactures and sells tobacco products. The company manufactures and sells cigarettes hookahs smoking mixtures and other tobacco related items. Apart from this it trades all the goods that are commonly found at tobacco shops. The company has been manufacturing and selling cigarettes smoking mixtures hookahs and other tobacco products in India as well as abroad since the year 2021. Currently the companys products are being sold in UAE Singapore Hong Kong and many countries in Europe. On Friday Elitecon Internationals stock closed at Rs 522.90 with a decline of 5%. However in the last one month the companys stock has seen a growth of 43%. While in the last 6 months the stock has given a tremendous return of 526% and in the last 1 year the stock has given a tremendous return of 4600%.