Only Buyers: This multibagger micro-cap stock more than doubled investors' wealth in just one year!

Shares had earlier rallied after Reliance Consumer Products Ltd's announcement that it would buy a 51 per cent stake in the company.

The Indian benchmark indices ended lower on Friday, dragged down by significant losses in the financial services, banking, and information technology sectors. The BSE Sensex lost 0.16 per cent to 66,160 level at the close. The Nifty 50 index edged down by 0.07 per cent to a level of 19,646.

Broader indices outperformed the main indices by a wide margin. While the majority of Small-Cap stocks gained, Lotus Chocolate Company Ltd, a small-cap packaged food stock, attracted investors with its robust uptrend. On an intraday basis on Friday, shares of Lotus Chocolate Company Ltd soared and locked at a 5 per cent upper circuit, trading at Rs 284 per share on the BSE.

For numerous trading sessions, shares have locked at consecutive upper circuits, providing a 27 per cent return in just one month! Year-to-date, shares have delivered multibagger returns of more than 120 per cent, more than doubling investors' wealth!

Shares had previously skyrocketed nearly 170 per cent in January 2023 following the news by Reliance Consumer Products Ltd that it will buy a 51 per cent controlling stake in the company.

Lotus Chocolate Company, a BSE-listed company, is one of India's select manufacturers of the finest chocolates, cocoa products, and cocoa derivatives. The company has a fully integrated manufacturing facility and is built with the best technologies and expertise from across the world. Products of the company are sold to chocolate manufacturers and chocolate consumers all over the world, from local bakeries to multinational corporations.

Keep a close eye on this stock for the upcoming sessions!