Lotus Chocolate Share Price Soars by 118.53% in One Month 🍫💰
Lotus Chocolate Company Limited, owned by India’s richest industrialist Mukesh Ambani, is currently making headlines in the stock market. The company’s shares have filled investors’ pockets within a month. Despite a drop in the stock market on Friday, the share price rose by 5%. In the past month, the company’s shares have given returns of over 100%. In simple terms, the money has doubled in just one month.
The current share price of Lotus Chocolate Company is ₹1258. One month ago, on July 2nd, the share price was ₹575.70. This means that investors have received a return of 118.53% in just one month. If you had invested ₹1 lakh in shares a month ago, it would now be ₹2.18 lakh. That’s a profit of ₹1.18 lakh.
On Tuesday, August 6th, the share was trading at ₹1387, up by 5%. The company has shown outstanding performance, giving investors a return of nearly 294% in a year. If you had invested ₹1 lakh a year ago, it would now be ₹3.94 lakh, earning you a profit of around ₹3 lakh.
Over the past five years, these shares have given investors fantastic returns. Five years ago, the share price was ₹15.45. Since then, the stock has gained 8,043%. If you had invested ₹1 lakh five years ago, it would now be ₹80 lakh. The stock entered the stock market in July 1997 at a price of ₹3.35. Since then, it has given a return of 37,454%. A ₹1 lakh investment 27 years ago would now be ₹3.74 crore.
The company announced its first-quarter results last month. Compared to the same period last year, the company’s profit in the quarter increased by 47 times. The post-tax profit of the company was ₹9.41 crore. The current market cap of the company is ₹1.54 lakh crore.
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