1,238% Return In 1 Year: Small Cap Stock Zooms 20% Intraday As Board Sets Record Date For Stock Split; Buy?

A small-cap company in the trading & distributors industry is Remedium Lifecare Ltd. Today's opening price of Rs 561.10 per share on the BSE marked a 20% increase over the previous closing of Rs 467.60. Later, at Rs 539, the stock was trading with an upside gap of 15.27% when the article was being written. The spike in stock price occurred after the company's board of directors set the record date for the stock split.

Remedium Lifecare Stock Split

For the purpose of sub-division of face value of equity shares from Rs. 5/- each to face value of Re. 1/- each, the company has fixed Friday, 23rd February, 2024 as the record date.

Remedium Lifecare Financials

Remedium Lifecare's net profit climbed by 2914.47% to Rs 45.82 crore in the quarter that ended in December 2023 from Rs 1.52 crore in the quarter that ended in December 2022. In the quarter that ended in December 2023, sales increased 939.31% to Rs 1834.18 crore, compared to Rs 176.48 crore in the quarter that ended in December 2022.

Remedium Lifecare Share Price Target

Remedium Lifecare is bullish on the Daily charts with immediate resistance at 591. A daily close above this resistance could lead to a target of 660 in the near term. Support will be at 467, said AR Ramachandran from Tips2trades.

Remedium Lifecare Share Price History

The scrip reached a 52-week-high of Rs 898.30 on (02/08/2023) and a 52-week-low of Rs 35.31 on (20/02/2023). The stock has produced a gigantic multibagger return of 18,720.07% over the previous five years, and a multibagger return of 1,237.02% during the last year. The stock has returned 6,764%, which is a multibagger, during the previous three years. The stock climbed 9.01% year to date (YTD) so far in 2024.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.