Penny stock under 10 rupees hits 5% upper circuit despite stock market crash; here's why

New Delhi, Sept. 24 -- Elitecon International share price hit 5% upper circuit in Thursday's trading session despite downward rally in the Indian stock market. The stock opened at Rs.9.35 apiece today, as compared to previous close of Rs.9.14 on Wednesday and touched an intraday high of Rs.9.59 on…