On an intraday basis on Monday, the stock surged, pegging at the 5% upper circuit at Rs 325.35 per share on BSE, setting a new 52-week high.
India’s Composite Index oscillated between gains and losses on Monday as investor moods were mixed. BSE Power, BSE Utilities and BSE Oil & Gas divisions bore the brunt of the losses as Adani Group shares fell sharply. Sensex closed higher as information technology and telecommunications stocks rose. Bajaj Finance led his Sensex rise with a profit of more than 4%, thanks to strong quarterly results.
Investors were attracted by the strong upward trend in Lotus Chocolate Company Ltd shares. small cap packaged food company. The stock has surged over 150% in just one month after hitting the upper circuit in a row!
This never-ending uptrend began with the announcement that Reliance Consumer Products Limited, a wholly owned subsidiary of Reliance Retail Ventures, has purchased a 51% controlling interest in Lotus Chocolate Company and is launching a public acquisition offer. Up to 26% of the company.
On an intraday basis on Monday, shares of Lotus Chocolate Company Ltd surged, locking in a 5% gain circuit at Rs 325.35 per share on BSE, setting a new 52-week high.
The company is one of India’s premier manufacturers of gourmet chocolates, cocoa products and cocoa derivatives. Its products are sold to chocolate makers and chocolate users around the world, from small bakeries to large corporations.
Keep an eye on this script for future sessions.