Shares of Lotus Chocolate Company Ltd soared 5% to reach the upper price range of Rs 149.35 per piece, making them one of the top gainers on the BSE today.
The stock has increased more than 22% in just 5 days since Reliance Consumer Products Ltd, the FMCG division and a wholly-owned subsidiary of Reliance Retail Ventures Limited, purchased a 51% share in Lotus Chocolate Company Ltd.
65,48,935 equity shares of Lotus Chocolate Company Ltd, or 51% of Lotus’ paid-up equity share capital, would be acquired from the current promoter and promoter group by Reliance Consumer Products Ltd for Rs 113 per share.
The Lotus Chocolate Company Ltd. manufactures chocolates, items made from cocoa, and derivatives of cocoa. On the BSE, volume for the company’s shares increased by more than 2.29 times today.
A quick look at the financials reveals that the company has a market capitalization of Rs. 191.78 crore. In comparison to FY21, net sales increased by 81.68 percent in FY22. In addition, compared to FY21, the net profit increased by 239.19%. The stock’s ROE and ROCE are both 41.92 and 32.05 percent, respectively.
With a 52-week high of Rs 198.45 and a 52-week low of Rs 81.80, the company has provided multibagger gains of 623.25 percent over the past two years. Do you currently hold this Small-Cap stock?
