Back-to-back upper circuit in this multibagger penny stock; do you hold it?!

Shares of this company gained about 5 per cent in the morning trade.

Shares of Brightcom Group Limited are locked in the upper circuit today. From the past nine trading sessions, the stock is locked in the upper circuit, gaining more than 50 per cent with an increase in volumes of the shares traded. Shares of Brightcom Group Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, shares of Brightcom Group Limited jumped from Rs 2.40 on May 20, 2020, to Rs 14.90 on May 15, 2023, an increase of about 521 per cent in the last three-year holding period. The company is a part S&P BSE SmallCap Index.   

In Q3FY23 on a consolidated basis, the company's net revenue increased by 41 per cent YoY to Rs 2,865 crore. The bottom line increased by 46.43 per cent YoY to Rs 544 crore in Q3FY23. The company is currently trading at a TTM PE of 2.23x against the industry PE of 27.97x. The company achieved ROCE and ROE of 29.42 per cent and 21.33 per cent in FY22. The company is a constituent of group A stocks with a market capitalisation of Rs 3,039 crore.   

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On Monday, the stock opened at Rs 16.60, with a high and low of Rs 16.60 and Rs 16.60. The stock has a 52-week high and low of Rs 69.85 and Rs 9.27, respectively on BSE.