Stock of this digital marketing company gained more than 190 per cent since June 1

The shares of Brightcom Group have been buzzing on the bourses recently.

The shares of Brightcom Group have been buzzing on the bourses recently. Gaining by around 194.80 per cent since June 1, 2021, the company’s scrip has witnessed a strong bull run.  

On Monday as well, the shares of Brightcom Group locked in at its upper circuit of 5 per cent to suspend trading for the day at Rs 26.25 per share. The company’s scrip has sky-rocketed by around 103.95 per cent since June 14, 2021, locking in at its upper circuit for multiple consecutive trading sessions.  

Recently, the company informed the exchanges that its Warrants & Share Allotment Committee of the company’s board of directors approved the allotment of 3,42,00,000 equity shares of Rs 2 each, fully paid-up, pursuant to the conversion of preferential warrants into equity to the non-promoters allottees.  

Brightcom Group Ltd, which was formerly known as Lycos Internet Limited is a service company engaged in providing digital marketing services and the development of computer software & services. It operates mainly via two segments namely, digital marketing and software development. It is also a global information technology implementation and outsourcing services provider.