5:1 Stock Split & 25,777 per cent returns: Multibagger small-cap stock hit 10 per cent upper circuit as the company is likely to acquire a manufacturing facility near Hyderabad
The stock gave multibagger returns of 1,600 per cent in just 1 year, 8,575 per cent in 3 years, and a whopping 25,777 per cent in 5 years.
Today, shares of Remedium Lifecare Ltd hit a 10 per cent upper circuit to Rs 142.30 per share from its previous closing of Rs 129.40. The stock’s 52-week high is Rs 179.66 and its 52-week low is Rs 8.38.
Remedium Lifecare Ltd informed that the meeting of the Board of Directors of the company is scheduled to be held on Thursday, March 07, 2024, inter alia to consider the acquisition of a manufacturing facility, Near Hyderabad, producing intermediates for the pharmaceutical industry.
Remedium Lifecare Ltd is in the business of trading in advanced pharmaceutical intermediates and other pharma products. The company has a market cap of over Rs 1,400 crore with a 3-year stock price CAGR of 300 per cent.
The company experienced significant growth across all financial periods. In Q3FY24, net sales surged by 939 per cent and net profit skyrocketed by 4,425 per cent compared to Q3FY23. Similarly, in 9MFY24, net sales increased by 506 per cent and net profit grew by 747 per cent year-over-year. While the growth slowed down in FY23, net sales still managed to increase by 1 per cent and net profit rose by a remarkable 400 per cent compared to FY22.
Additionally, the Board of Directors of the company’s shares have ex-traded sub-division of the company's 1 (one) equity share of face value of Rs 5 each into 5 (five) equity shares of face value of Rs 1 each held as of the record date. The ex-record date was today, Friday, February 23, 2024.
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The shares of the company have an ROE of 71 per cent and a ROCE of 103 per cent. The stock has delivered mind-boggling returns for investors, generating multibagger returns of 1,600 per cent in just 1 year, 8,575 per cent in 3 years, and a whopping 25,777 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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