MUKESH AMBANI STOCK: MULTIBAGGER! RS 1 LAKH TO RS 50 LAKH IN JUST 3 YRS

Mukesh Ambani Stock: While billionaire Mukesh Ambani is the Chairman of Reliance Industries, which is also India’s largest company by market, he also owns a few other listed companies. One such company has delivered multibagger returns to their shareholders in a very short time.

Last year in May, oil-to-telecom conglomerate RIL’s retail arm Reliance Retail Ventures Limited (RRVL) announced said that its wholly-owned FMCG subsidiary Reliance Consumer Products Limited (RCPL) has completed the acquisition of a controlling stake in Lotus Chocolate Company Limited for Rs 74 crore.

With this, RIL has become the majority stake holder in the packaged foods company with a 51 per cent stake. Incorporated in the year 1989 and having commenced operations in 1992, Lotus is known for the supply of cocoa and chocolate products.

Mukesh Ambani Stock

In the past years, shares of Ambani-owned Lotus Chocolate have emerged multibagger delivering stellar returns to the investors and shareholders. The stock has climbed 364 per cent in just 3 months and a whopping 431 per cent in the last 6 months, according to BSE analytics.

Lotus Chocolate shares are up 481 per cent in 2024 so far.

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The roaring rally has added lakhs to the investors’ wealth over the past years. Just 3 years ago, Lotus Chocolate stock was trading at Rs 35 levels. The RIL share closed at Rs 35.15 on BSE on September 6, 2021. Had someone invested Rs 1 lakh in the stock then, their money would have grown to a massive Rs 50 lakh in just 3 years.

BSE analytics data shows that the Ambani-led stock has zoomed 4924.32 per cent in the last 3 years while skyrocketed 10801 per cent in 5 years. Shares of Lotus Chocolate Company closed 5 per cent lower at Rs 1766.05 apiece on BSE on Friday. The stock has a 52-week range of Rs 213 and Rs 2,608.65, which it touched last month on August 26.

Lotus Chocolate Q1 Results FY25

It is worth mentioning here that Lotus Chocolate Company reported a big 4605 per cent YoY jump in consolidated net profit in the first quarter of the financial year 2024-25. During the April-June 2024 period, the company's profit after tax came in at Rs 10.40 crore as against Rs 2.33 lakh in Q1FY24. The company’s consolidated revenue from operations surged 340 per cent to Rs 141.39 crore in Q1FY25.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-09-07T12:46:43Z dg43tfdfdgfd