Lotus Chocolate Share Price Soars by 5%
🍫📈 Mukesh Ambani-owned Lotus Chocolate company’s share price has surged by 5% on Tuesday, closing at ₹1,086.80. The stock hit an upper circuit yesterday.
Impressive Returns for Investors
💰📈 In the past two months, the company’s shares have given investors returns of over 200%. The stock is currently trading at its 52-week high, with the lowest level being ₹213.
Continued Growth
📊🚀 Lotus Chocolate stock is currently trading at ₹1,141.10 on Wednesday, July 31, 2024, marking a 5% increase. In the last two months, investors have earned a profit of 203% as the stock has risen from ₹358.55 on May 31, 2024, to ₹1,086.80 on July 30, 2024.
Unprecedented Rise in Share Price
🔥📈 Over the past month, the company’s share price has increased by 85%, soaring from ₹589.90 to ₹1,086.80. In the last three years, Lotus Chocolate shares have given a remarkable 3600% return to investors.
Stunning Growth Over the Years
💥🚀 Lotus Chocolate’s share price has seen a phenomenal 6935% increase in the past five years. The company recorded a staggering 4700% growth in net profit in the June 2024 quarter alone, compared to a mere ₹20 lakh profit in the previous year.
Financial Performance
💵💼 In the June quarter, the company amassed ₹141.31 crore in revenue, a significant jump from the ₹32.21 crore revenue in the same period last year. Reliance Consumer Products Limited, a subsidiary of Reliance Retail Ventures Limited, acquired controlling stake in Lotus Chocolate in May 2023.
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