Shankar Sharma’s portfolio debt-free penny stock at Rs 9.97 hit upper circuit as Board is to announce results tomorrow; do you own it?

The stock has a PE of 2x, an ROE of 23 per cent and an ROCE of 31 per cent.

Today, shares of Brightcom Group Ltd were locked in a 5 per cent upper circuit to Rs 9.97 per share from its previous closing of Rs 9.50. The stock is 73 per cent down from its 52-week high of Rs 36.82 per share while it is up by 16 per cent from its 52-week low of Rs 8.59 per share. The stock’s all-time high is Rs 117.75 per share. The shares of the company saw a spurt in volume by more than 1.15 times on BSE.

Brightcom Group Ltd, formerly known as Lycos Internet Ltd, is a global digital marketing company founded in 2000. With headquarters in Hyderabad, India, Brightcom offers a wide range of digital marketing solutions to businesses, agencies, and online publishers around the world. The company operates through three main divisions: Ad-Tech and Digital Marketing, Software Services, and Future Technologies.

Brightcom's Ad-Tech and Digital Marketing division provides a comprehensive suite of services including video advertising, display advertising, performance-based marketing, search engine marketing, email marketing, and social media marketing. They also offer mobile marketing solutions, niche campaign development, and digital traffic management. Brightcom's Software Services division caters to specific client needs by developing customized technology platforms primarily focused on digital media. Additionally, the company's Future Technologies division explores advancements in artificial intelligence, machine learning, and Digital Out of Home (DOOH) advertising. This forward-thinking approach positions Brightcom at the forefront of the ever-evolving digital marketing landscape.

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The Board of Directors of Brightcom Group Ltd will be meeting on Tuesday, June 11, 2024, at 7:00 pm at their registered office located on Floor 5, Fairfield by Marriott, Road No: 2, Nanakramguda, Gachibowli, Hyderabad, Telangana, 500032. The purpose of the meeting is to review and approve the unaudited financial results for the second quarter and half year ending September 30, 2023. It is important to note that due to this board meeting, the Insider Trading Window for Brightcom Group Ltd. will be closed until Thursday, June 13, 2024.

An ace investors, Shankar Sharma own a 1.14 per cent stake in the company as of March 2024. The company has a market cap of over Rs 2,000 crore and has delivered good profit growth of 27.5 per cent CAGR over the last 5 years. The stock has a PE of 2x, an ROE of 23 per cent and an ROCE of 31 per cent. Investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.