Small Cap Pharma Stock With Over 1300% Return In 5 Yrs Sets Record Date For Stock Split

Medico Remedies Ltd., a pharmaceuticals small-cap stock, on March 4, 2023, held Board Meeting fixed the "Record Date" for the stock split that was considered and approved on 2nd February 2023. The stock has given robust returns in the past 5 years, over 1300. The stock's market valuation is Rs 596.65 crore.

Stock Split & Record Date

The Board of Directors of Medico Remedies Ltd. in their regulatory filing to BSE said, "With reference to the above cited subject, we would like to inform to the exchange that Board of the Directors of the Company have fixed Thursday, 16th March, 2023 as the "Record Date" for ascertaining eligibility of shareholders entitled for corporate action of - Sub-division/split of 1 (One) equity shares of face value Rs. 10/- (Rupees Ten Only) each fully paid up into 5 (Five) equity shares of Rs. 2/- (Rupees Two Only) each fully paid up."

Medico Remedies' stock performance

The stock of Medico Remedies on BSE is currently trading at Rs 358.25 apiece, up 2.56% from its previous close of Rs 349.10 apiece. The stock's recorded 52 week high as on 6 March 2023 is Rs 366.55 apiece and 52 week low as on 8 March 2022 is Rs 75.55 apiece, respectively.

The stock has delivered robust returns in the past 5 years. It surged 5.84% in the past 1 week. In the past 1 month, it gave 18.23% positive return and 16.49% positive return in 3 months. In the past 1 year, the stock gave 196.4% positive return. In the past 5 years, the stock gave 1372.37% multibagger return.

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