17,500 per cent returns in this multibagger stock; Board announced bonus shares!

The stock gave multibagger returns of 2,700 per cent in just 6 months.

On Monday, one of the Top Gainers on BSE, shares of Remedium Lifecare Ltd jumped 5 per cent upper circuit to Rs 3,949.65 per share. The stock also traded at a new 52-week high of Rs 3,949.65 per share. The shares of the company saw a spurt in volume by more than 2.18 times on BSE.

The company informed that the meeting of the Board of Directors of the company has approved bonus equity shares in the ratio of 9:5 (i.e., Nine Equity Shares of Rs 10 each fully paid up for every 5 equity shares of Rs 10 each fully paid up held as on the record date decided for this purpose). The company verified the record date for the bonus issue as Saturday, July 29, 2023.

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 1,418.29 crore with a 5-year CAGR of 205 per cent. The shares of the company have a ROE of 71 per cent and a ROCE of 96 per cent. The company’s net sales increased by 1 per cent to Rs 510 crore and net profit skyrocketed 400 per cent in FY23 over FY22.  

The stock gave multibagger returns of 2,700 per cent in just 6 months and over 17,500 per cent in the span of 3 years. Investors should keep an eye on this small-cap stock.