Lotus Chocolate Company Ltd: Shares of Mukesh Ambani’s Reliance Group company Lotus Chocolate Company Ltd are constantly in the news. The company’s stock has been hitting a lower circuit of 5% continuously for the last eight trading days. The company’s stock has hit a lower circuit of 5% today on Wednesday as well and the stock has come down to Rs 1648.35. Last week on Monday, 26 August, this stock touched a new 52-week high of Rs 2608.65. That is, it has fallen by more than 36% in just eight days.
Before this the stock was continuously in upper circuit
Let us tell you that eight days ago, there was a continuous upper circuit for about 27 trading days. During this time, it had almost doubled the money of the investors. Now the situation is such that this share of Reliance Group is not getting any buyer and due to continuous lower circuit, investors are not able to exit. Let us tell you that as soon as the market opens, it is reaching the lower circuit. Let us tell you that when a share reaches the lower circuit, trading is stopped for the rest of the trading session, so that further selling can be prevented.
Reliance had acquired it
Let us tell you that on May 24, 2023 last year, Reliance Group acquired Lotus Chocolate Company. As of June 30, 2024, promoters, including RCPL (51 per cent), held a total stake of 72.07 per cent in Lotus Chocolate Company. Shareholding pattern data shows that individual shareholders held 25.41 per cent stake, while the remaining 2.52 per cent stake was held by corporate bodies (1.99 per cent) and others (0.53 per cent).
