The continuous decline in the stock market came to an end on Tuesday and buying returned. Nifty gained 217 points and closed at the level of 25013. Sensex also gained 585 points and closed at the level of 81635.
After six consecutive days of decline, buying returned in the market today. During this time, large-cap stocks like HDFC Bank, and Reliance remained in focus and investors flocked towards them.
Apart from this, some small-cap company stocks were also in the eyes of investors. Share prices of Lotus Chocolate Co Ltd also closed at Rs 1,896.90 after rising 5% on Tuesday and hitting an upper circuit. Lotus Chocolate also rose 5% on Monday. Today is the second consecutive day when this stock has hit an upper circuit. Earlier also, this stock has hit 27 consecutive upper circuits between August 2024 and 03 September 2024.
Now once again the series of upper circuits has started in Lotus Chocolate. Lotus Chocolate was acquired by Reliance Group in May 2023, after which there was a bumper rise in this stock and its share price went from Rs 176 to Rs 2600. However, after this, there was some profit booking in the stock. This stock has proved to be a multi-bagger for investors.
The upper circuit has been in place for 27 consecutive days.
Lotus Chocolate had an upper circuit for 27 consecutive trading sessions between 18 July 2024 and 23 August 2024 and during this period its price rose from Rs 700 to Rs 2,608.65 in just 27 days. During this period, investors got multi-bagger returns.
From the high level of Rs 2600, the stock started hitting a lower circuit continuously and from 26 August 2024 to 03 September 2024, a lower circuit was hit and its price came down from Rs 2,608.65 to Rs 1,735.10. After this, the stock continued to consolidate at these levels for a few days.
Now once again bullish sentiments are visible in this stock and for the last two days, Lotus Chocolate's stock hashit hitting an upper circuit of 5%. In one year, this stock has given a return of up to 525 percent to its investors.
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