Remedium Lifecare stock: The stock of Remedium Lifecare rose to an intraday high of ₹86.56 on BSE today from its opening price of ₹75 on Tuesday. The company’s share price rose by 20% today. The reason for the rise in shares is a big news. Actually, the board member of Remedium Lifecare has announced to raise funds of ₹ 200 crore. A meeting for this is scheduled to be held on Monday, July 8, 2024.
what are the details
According to the company, the board will decide the value, terms and conditions of the QIP, including its price, timing and other relevant aspects. Additionally, the Board will approve the appointment of investment bankers, legal advisors and other professionals required for the QIP process.
This company is expanding business in UP, this stock ran like a rocket after the news
Shares of Remedium Lifecare
Shares of Remedium Lifecare have risen 10,481% in five years. During this period, this share has increased from 74 paise to the current price. Its maximum return is 17,000%. Let us tell you that in the year 2018 this share was at the price of 45 paise. Its 52 week high price is Rs 179.66 and 52 week low price is Rs 58.50. Its market cap is Rs 789.26 crore.
Investors attacked the shares of this company, the price rose by 20%, it is a loot to buy.
What is a penny stock?
There are many such stocks in the stock market which are trading in the range of Rs 10 to Rs 100. Almost all the stocks in this category are called penny stocks. There is significant risk associated with penny stocks. There is a possibility of loss more than profit in such stocks. In such a situation, investors should invest cautiously.
