3:1 Bonus, 1:5 Split + 5000% Gains, High RoE; Near Rs 10, Pharma Penny Stock Hits Back-To-Back Upper Circuits

BSE-listed pharma penny stock, Remedium Lifecare hits 5% upper circuit for second trading session in a row, after falling by 63% in a selloff of 13-days. Remedium has been giving back-to-back stock splits and bonus issues since 2023. The latest rewards are of 3:1 bonus issue and 1:5 stock split in 2024.

The stock is a multibagger has risen by more than 5,000% in 5 years, while it has low PE ratio and strong return on equity.

Remedium Lifecare was originally incorporated as Roxy Engineers as a private company in Punjab in February 1988. The company underwent a name change in May 1995 as Roxy Exports. But later in February 2020, the company's registered office was shifted from Punjab to Maharashtra with effect from February 18, 2020. Later, the name further changed and Remedium Lifecare was birth with a fresh certificate of incorporation in Mumbai in November 2020.

Till the quarter ended June 30, 2018, the company was engaged in the business of manufacturing and distribution of bicycles and their parts. From FY19 till FY20, the company was into manufacturing and trading of atmospheric water generating machines known as "Air-O-Water".

But Remedium Lifecare is now engaged in the trading of pharmaceutical products and various raw materials used in the pharmaceutical industry including but not limited to Aminoisophthalic Acid, Tellurium(IV) Oxide, Grignard Reagent, Iodine, Selenium Metal Powder, Trimethyl Solfoxonum Iode(TMSI). With the Remedium Lifecare entered the Bombay Stock Exchange (BSE).