Lotus Chocolate Shares: This is the 16th consecutive trading day, when Lotus Chocolate shares hit the upper circuit. This series of upper circuit in the company’s shares started on 23 December 2022. Then the price of its shares was Rs 96.40, which has now increased to Rs 209.90.
Shares of Lotus Chocolate Company once again hit the upper circuit of 5 per cent on Monday and the stock price touched its new record high of Rs 209.90. This is the 16th consecutive trading day when Lotus Chocolate shares hit the upper circuit. This series of upper circuit in the company’s shares started on 23 December 2022. Then the price of its shares was Rs 96.40, which has now increased to Rs 209.90. In this way, the price of this stock has increased by about 118% in just 3 weeks.
Shares of Lotus Chocolate are rising at a time when on December 29, Reliance Group’s company Reliance Retail announced the acquisition of its majority stake. Reliance Retail had said that it would acquire a 51 per cent majority stake in Lotus Chocolate Company Limited.
Reliance Retail had told that this stake will be acquired by its previously owned subsidiary Reliance Consumer Products Limited (RCPL). In addition, RCPL will also make an open offer to buy an additional 26% stake in Lotus Chocolate.
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