Stock Split From Rs 5 To Re 1: Small Cap Stock Hits 20% Upper Circuit, Gains 1719% In 1-Yr

ySmall cap company Remedium Lifecare Ltd shares hit 20% upper circuit in trade today. Current market price of Remedium Lifecare shares on BSE is Rs 683.80 apiece. The company declared its quarterly results on February 14. Remedium Lifecare also approved stock split on January 8, 2024 in the ratio of 5:1 implying each stock will split in to five equity shares. The current face value of Remedium Lifecare shares is Rs 5 apiece and after stock split, the new face value of Remedium Lifecare shares will become Re 1 apiece. Remedium Lifecare shares gained 1719% in last 1-year. Check details below:

Remedium Lifecare To Trade Ex-Split On Feb 23, 2024: The company's Board approved and recommended for Sub-division of Company's 1 (One) Equity Share of Face Value of Rs. 5/- each into 5 (Five) Equity Shares ofFace Value of Re. 1/- each. The company fixed February 23, 2024 as the record date.

Remedium Lifecare Quarterly Results: The company declared healthy quarterly performance on February 14, 2024. The company declared its net sales for the quarter ending December 2023 at Rs 1834.18 crore, up 939.33% as against Rs 176.48 crore in the corresponding quarter of last year. Its quarterly net profit for the December 2023 quarter announced at Rs 68.78 crore, up 4419.81% as compared to Rs 1.52 crore in the similar quarter of last year. Its EBITDA stood at Rs 68.81 crore, up 4339.35% for the quarter under review as against Rs 1.55 crore in December 2022. The EPS of the company announced at Rs 34.12 for December 2023 quarter from Rs 4.23 in December 2022.

Remedium Lifecare Stock Split In 2023: The company approved stock split in 2023 and the ex-date was Sept 1, 2023 in the ratio of 1:2.

Remedium Lifecare Bonus Issue In 2023: Earlier, the company declared 9:5 bonus issue and fixed its record date as July 29, 2023.

Remedium Lifecare Stock Performance & Return: The 52-week high price of Remedium Lifecare share is Rs 898.30 apiece and 52-week low price is Rs 35.31 apiece, respectively. It has a market capitalisation of Rs 1411.20 crore. Remedium Lifecare shares gained 49% in last 1-week, soared 35% year-to-date, declined 17% in last 6-months, and offered return of 1719% in last 1-year. In last 2-years, Remedium Lifecare stock jumped 2645% and rallied 8588% in last 3-years.

Remedium Lifecare About: It isa leading pharmaceutical company aligned across two business verticals viz. Products and Services. Its products business comprises trading and sale of APIs and Intermediates to innovator and generic pharmaceutical players in both Domestic and International markets including the regulated markets, according to its official website.

Disclaimer:

The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.