back to top
HomePENNY STOCKS19 Paise Share Now Hit ₹18; Now This Company Announced To Raise...

19 Paise Share Now Hit ₹18; Now This Company Announced To Raise Funds

Remedium Lifecare Ltd Share Price: Shares of the pharmaceutical firm Remedium Lifecare was in focus in trading on Tuesday.

Shares of the company rose 4.4 percent intraday to Rs 20.79. Positive news is to be found behind this share price increase.

Remedium Lifecare has announced to raise funds via qualified institutional placement (QIP) and the allotment of equity shares with bonus value.

The company has disclosed the information via the exchange’s filing.

What Did The Company Say?

The exchange filing said that the board has given the approval to raise more than 200 crores through the qualified placement of institutions (QIP) or other methods with several installments.

In addition, the board has also approved the allotment of 30,24,00,000 equity shares with a face value of 1 rupee as fully paid equity shares at a proportion of 3:1 (3 for 1). The company had set July 6 as the official date.

Share Condition

The stock of Remedium Lifecare has risen by around 48 percent over the past year. The stock has earned an impressive yield of 1,470 percent over two years.

The stock has increased by 1,875 percent in just three years. Remedium Lifecare shares have given its investors a profit of over 10,500 percent over five years.

In the year 2005 the cost this company’s shares was 19 paise. In this time, the stock has risen from a cost of investing from 1 lakh to more than 1 crore.

The 52-week high is Rs 44.92 and its 52-week lowest price is Rs 14.63. The market capitalization of the business is 762.45 crore.

Remedium Lifecare is a smallcap company. Its market capitalization is 762.45 crore. The Hyderabad-based firm is in the field of advanced pharmaceutical intermediates, APIs, and a variety of other pharmaceutical products.

Remedium Lifecare Stock Performance

Current Price₹ 18.9
52-wk High₹ 44.9
52-wk Low₹ 14.6
5 Days Return-77.17%
1 Month Return0.05%

Key Fundamentals Parameters

Market Cap₹ 762 Cr.
Stock P/E23.3
Book Value₹ 1.07
Dividend0.00 %
ROCE99.5 %
ROE123 %
Face Value₹ 1.00
P/B Value17.8
OPM0.85 %
EPS₹ 0.81
Debt₹ 57.7 Cr.
Debt to Equity1.34

Remedium Lifecare Shareholding Pattern

Promoters Holding
June 20231.11%
Sept 20231.11%
Dec 20231.11%
Mar 20241.11%
June 20241.11%
FII Holding
June 20230.04%
Sept 20230.08%
Dec 20230.04%
Mar 20240.04%
June 20240.00%
Public Holding
June 202398.84%
Sept 202398.81%
Dec 202398.86%
Mar 202498.85%
June 202498.89%
Hot Stocks Alert Join

Remedium Lifecare Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 3 Cr
2021₹ 90 Cr
2022₹ 505 Cr
2023₹ 510 Cr
2024₹ 4,040 Cr

Last 5 Years’ Net Profit:

2020₹ 0 Cr
2021₹ 0 Cr
2022₹ 1 Cr
2023₹ 5 Cr
2024₹ 33 Cr

Conclusion

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here