Under-the-Radar Smallcap Stock Becomes Multibagger in Just 5 Weeks

The volatility was increased by the rise in both the short- and long-term capital gains taxes. Up to 132 small-cap companies produced double-digit weekly returns during the course of the week, with eight of them providing returns of more than 25%.

Market patterns are also anticipated to be impacted by updates on the global economy, such as the monetary policies of the US Federal Reserve and Bank of England, US job data, and Eurozone GDP figures. Amidst this, Lotus Chocolate shares owned by the Reliance group have had a notable upswing, rising 52% in the last nine days and an astounding 150% over the previous five weeks.

Shares of Lotus Chocolate

For the eighth straight trading day, Lotus Chocolate Company’s shares have been stuck in the upper circuit, indicating a high level of investor confidence. As many as 120,000 shares have exchanged hands in the last two weeks on the BSE, a significant increase in trading volume from the less than 10,000 shares moved in the prior two weeks. Furthermore, market data indicates that there are pending buy orders for 11,970 shares. The strong financial performance of the corporation is driving this fast increase.

The price of cocoa has started to drop on the global market. It peaked in the first week of May at Rs 320 per kg for wet cocoa beans and Rs 960 per kg for dry beans. Cocoa futures hit their lowest point in more than four months on July 29, 2024, as traders bet on a better supply in the forthcoming season and a possible decline in demand. In New York, the most active contract dropped as much as 4.4% to US$ 6,650 per ton.

Furthermore, Lotus Chocolate may be able to outperform its rivals if it can efficiently manage its cocoa supply chain and acquire beans at reasonable costs.

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