Many companies of Mukesh Ambani are listed in the stock market. From Reliance Industries to Jio Financial Services, the stocks are performing well, but a lower circuit is being seen every day in one of Reliance’s FMCG companies. This stock is Lotus Chocolate. This stock was hitting a lower circuit since August 23. Although its stock rose slightly on September 4 and 5, but then on September 6 or last Friday, it came to a 5 percent lower circuit.
On Friday, this stock fell by 5 percent and closed at Rs 1,766.05 per share. Due to the lower circuit, people are not able to sell this stock because as soon as the market opens, the shares of Lotus Chocolate are put under lower circuit.
The stock lost 30% in a few days
On 23 August 2024, this share of Reliance Industries (Lotus Chocolate share) was trading at Rs 2484, but after this the stock declined continuously and by 3 September it fell by more than 30 percent to Rs 1735. However, then on 4 and 5 September it rose marginally, due to which it has decreased by 29 percent from 23 August till now.
Reliance bought the company last year
Reliance had acquired Lotus Chocolate Company Limited in May last year. This company manufactures chocolates. After buying it, the price of this stock rose from Rs 176 to Rs 2,608.65 in just 15 months. During this period, this stock hit an upper circuit continuously for 27 trading sessions. However, after this, this stock hit a lower circuit for 8 consecutive days, but then it rose for two days. Now once again it has hit a lower circuit.
Money increased 5.8 times in 8 months
This stock has given a return of 443.65% in the last six months. From January till now, i.e. in 8 months, this stock has gained 482%. This means that if someone had invested money in January itself, his investment would have been 5.8 times till now. It has given a return of 462% in one year. Apart from this, it has given a return of 10,800% in 5 years.
(Note- Before investing in any stock, please consult your market expert.)
Source (PTI) (NDTV) (HINDUSTANTIMES)