Back-to-back upper circuits: This chocolate manufacturing stock has rallied over 22 per cent in just 5 days, heres why
The stock has given multibagger returns of 623.25 per cent in the last two years.
One of the Top Gainers on BSE today, shares of Lotus Chocolate Company Ltd surged 5 per cent to reach the upper price band of Rs 149.35 apiece.
After Reliance Consumer Products Ltd, the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited, acquired a 51 per cent stake in Lotus Chocolate Company Ltd, the stock has rallied over 22 per cent in just 5 days.
Reliance Consumer Products Ltd will pay Rs 113 per share for 65,48,935 equity shares of Lotus Chocolate Company Ltd, representing 51 per cent of Lotus' paid-up equity share capital, from the current promoter and promoter group.
Lotus Chocolate Company Ltd is engaged in the business of manufacturing chocolates, cocoa products and cocoa derivatives. Today, shares of the company saw a spurt in volume by more than 2.29 times on BSE.
Taking an overview of the financials, the company has a market cap of Rs 191.78 crore. The net sales rose by 81.68 per cent in FY22 compared to FY21. Also, the net profit skyrocketed to 239.19 per cent in FY22 compared to FY21. The stock has an ROE of 41.92 per cent and a ROCE of 32.05 per cent.
The stock has given multibagger returns of 623.25 per cent in the last two years, with a 52-week high of Rs 198.45 and a 52-week low of Rs 81.80, respectively. Do you own this Small-Cap stock?