Mukesh Ambani-Backed Stock: Unbelievable 500% Return in Samvat 2080! Turn Your Rs 1 Lakh Diwali Investment into…
The recently concluded Samvat 2080 has been a remarkable year for the Indian stock market, showcasing unprecedented growth and investment opportunities. Despite a slight downturn on the final trading day, the benchmark indices—Sensex and Nifty—achieved new heights, with Sensex hitting an all-time peak of 85,978.25 and Nifty breaching the 26,000 mark.
Mukesh Ambani-Backed Stock Shines Bright
Among the standout performers this year is a stock backed by billionaire Mukesh Ambani, which has delivered an astonishing 500% return. The Lotus Chocolate Company, a key player in the packaged foods sector, now boasts a market capitalization of Rs 1,924.55 crore.
Key Details:
- Current Stock Price: The Lotus Chocolate stock surged from Rs 241.55 during the Diwali ’23 muhurat trading on November 12 to a remarkable Rs 1498.75 on the last trading day of Samvat 2080, reflecting nearly a 5% increase.
- Investment Growth: An investment of Rs 1 lakh in Lotus Chocolate at Diwali would now be valued at an impressive Rs 6.2 lakh, translating to a profit of Rs 5.2 lakh!
Stellar Performance Metrics
According to BSE analytics, the RIL-backed Lotus Chocolate shares have shown exceptional growth:
- 31% increase in the last 3 months
- 267% rise over the past 6 months
- A remarkable 393.82% rally in 2024 alone
- Total returns of 448.29% in the last year
This phenomenal performance underscores the potential of investing in high-growth stocks within the Indian market.
Strategic Acquisition Boosts Growth Potential
In May of this year, Reliance Consumer Products, a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), completed the acquisition of a 51% controlling stake in Lotus Chocolate Company for Rs 74 crore. This strategic move is expected to drive further growth and innovation within the company, making it a compelling option for investors.
Don’t Miss Your Chance!
As the market continues to evolve, now is the perfect time to explore investment opportunities in stocks like Lotus Chocolate. Stay informed and maximize your investment potential by following our updates on the latest market trends!
