Stock Surges Threefold in Just 1.5 Months, Triggers Upper Circuit

There stock of a digital marketing company has tripled its investors’ money in just 1.5 months and continues to show a strong upward trend. It seems to consistently hit the upper circuit, indicating significant growth. Let’s delve into the details.

Brightcom Group

Brightcom Group News
Brightcom Group

Companies with strong fundamental status have the ability to provide good returns to their investors in the long term. Brightcom Group, a digital marketing company, has emerged as a multi-bagger stock for investors. The shares of Brightcom Group Limited Company were trading at Rs 9.73 on May 2nd, 2023. As of June 16th, 2023, the stock hit the upper circuit and reached Rs 30.0 per share.

Read more: “Expert Picks – Best Penny Stocks To Buy Today In June 2023”

Brightcom Group share price history

Brightcom Group shares, which are part of Shankar Sharma’s investment portfolio, have experienced a significant decline in value. In 2022, the stock price dropped from approximately ₹120 to ₹9.35 per share by the end of April 2023. However, starting from May 2023, there has been some buying interest from investors in the stock market, resulting in regular increases in the stock price. After reaching a low point at around ₹10 per share, Brightcom Group shares have been consistently rising and hitting the upper circuit.

Looking at this rapid surge, the stock has delivered a remarkable return of 308% in the past 1.5 month alone. Investors who put their money into this stock 1.5 months ago have already seen a threefold increase in their investment.

The stock’s 52-week low stands at Rs 9.27, and its all-time high within this period is Rs 57.8.

Brightcom Group Company Overview

This company was founded by Suresh Reddy and Vijay Kancharla. Brightcom Group operates in the ad-tech, new media, and IT-based businesses. According to the information provided on their website, the company has worked with clients such as Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI, ITC, ING, Lenovo, LIC, and Maruti Suzuki, among others.

The market capitalization of the company has now reached Rs 6064 crores.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. The stock market involves risks, and readers are advised to conduct their own research and seek professional guidance before making any investment decisions. The author and publisher are not liable for any actions taken based on the information presented in this article. Past performance does not guarantee future results.

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