{"id":106573,"date":"2023-08-09T15:11:50","date_gmt":"2023-08-09T09:41:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106573"},"modified":"2023-08-09T15:11:52","modified_gmt":"2023-08-09T09:41:52","slug":"pharma-stock-that-delivered-3210-returns-in-a-year-announces-12-stock-split-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-that-delivered-3210-returns-in-a-year-announces-12-stock-split-check-the-details\/","title":{"rendered":"Pharma stock that delivered 3,210% returns in a year announces 1:2 stock split; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1291431905\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A multibagger pharma company listed on the Bombay Stock Exchange has announced a 1:2 stock split. Its shares were trading at \u20b9 1649.00 apiece at 02:31 PM on Tuesday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1505891880\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/539561\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Remedium Lifecare Ltd<\/a><\/strong> is in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products.\u00a0<\/p><p>The company in an exchange filing informed that it has fixed September 01, 2023, as the record date for a stock split or sub-division of its shares from a face value of \u20b910 each to a face value of \u20b9 5 each, or in the ratio of 1:2.&nbsp;<\/p><p>The company\u2019s share price escalated from \u20b9 49.82 apiece at the beginning of 2023 to the current level, delivering multibagger returns of 3210 percent. Thus if an investor had invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holdings would have been \u20b9 33.10 lakh today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1883227073\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moreover, if we consider data for the past five years, its share price increased by a massive 33146 percent, from \u20b9 4.96 apiece to the current level. Thus an investment of \u20b9 1 lakh in the company\u2019s shares would be worth \u20b9 3.32 crores today!&nbsp;<\/p><p>Remedium Lifecare informed the exchanges that it will be holding a board meeting to consider and approve the Unaudited Standalone financial results of the company for the April to June quarter.&nbsp;<\/p><p>With a market capitalization of \u20b9 1,650 crores, Remedium Lifecare is a small-cap company. It has a high return on equity of 70.92 percent and its shares were trading at a price-to-earnings ratio (P\/E) of 304.35. Retail investors hold a 98.85 percent stake in the company, its promoters hold 1.11 percent and foreign institutions hold a 0.04 percent stake in the company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-156955642\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A multibagger pharma company listed on the Bombay Stock Exchange has announced a 1:2 stock split. Its shares were trading at \u20b9 1649.00 apiece at 02:31 PM on Tuesday.&nbsp; Remedium Lifecare Ltd is in the business of trading in Advanced Pharmaceutical Intermediates and other pharma products.\u00a0 The company in an exchange filing informed that it [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8126,8122,8127,8121,10719,948,936],"class_list":["post-106573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-remedium-lifecare-business","tag-remedium-lifecare-latest-news","tag-remedium-lifecare-returns","tag-remedium-lifecare-share-price","tag-remedium-lifecare-stock-split-2023","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock that delivered 3,210% returns in a year announces 1:2 stock split; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"A multibagger pharma company listed on the Bombay Stock Exchange has announced a 1:2 stock split. 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