Debt-Free Penny Stock Under Rs 10 Hit Upper Circuit as Company Will Be Unlocking Digital Futures at DMEXCO 2024
The stock has a PE of 2x, an ROE of 22.3 per cent and an ROCE of 31 per cent.
On Monday, shares of Brightcom Group Ltd were locked in a 5 per cent upper circuit to Rs 8.46 per share from its previous closing of Rs 8.06. The stock is 63.2 per cent down from its 52-week high of Rs 22.97 per share while it is up by 27.2 per cent from its 52-week low of Rs 6.65 per share. The stock’s all-time high is Rs 117.75 per share.
DMEXCO 2024, one of Europe’s leading digital marketing and technology events, will take place on September 18-19, 2024, in Cologne, Germany. The event serves as a major meeting point for industry leaders, marketing professionals, media experts and tech innovators, offering an extensive program of conferences, exhibitions, networking opportunities, and master classes.
This year’s theme, "Prompting the Future," focuses on showcasing the potential of digital technologies in marketing and communication. The event will feature over 800 speakers and more than 200 hours of content spread across 14 stages, addressing topics like artificial intelligence, data analytics, online advertising and the future of web technologies.
Brightcom Group Ltd, a leading provider of digital advertising solutions, will connect with industry experts and innovators at DMEXCO 2024. Discover how our AI-powered platform can deliver targeted campaigns, optimize performance and drive measurable ROI. With a proven track record of success for global brands, Brightcom offers a comprehensive suite of services tailored to meet your unique advertising goals.
Additionally, Brightcom Group is strategically expanding its operations into Europe, the Middle East, Africa, and Asia-Pacific regions through its new entity, Trenova Corporation. With a focus on enhancing client service, exploring new market opportunities and fostering stronger local partnerships, Brightcom aims to solidify its position as a global leader in digital marketing and media. By investing in talent acquisition, technological advancements, strategic partnerships, and in-depth market research, the company is well-positioned to deliver innovative solutions tailored to local needs and drive rapid growth in these regions. Brightcom's Board of Directors has fully endorsed this expansion strategy, recognizing its potential to unlock new opportunities and strengthen the company's position as a preferred partner in the global digital marketing and media industry.
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About the Company
Brightcom Group Ltd, previously known as Lycos Internet Ltd, is a global digital marketing powerhouse founded in 2000 and headquartered in Hyderabad, India. Offering a comprehensive suite of digital marketing solutions, the company caters to businesses, agencies, and publishers worldwide through its Ad-Tech and Digital Marketing, Software Services and Future Technologies divisions. From traditional advertising formats to cutting-edge AI and DOOH, Brightcom's diverse portfolio positions it as a leader in the dynamic digital landscape.
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 Rs 1,707.06 crore; and has delivered good profit growth of 27.5 per cent CAGR over the last 5 years and as of March 2024, the company is debt free. The stock has a PE of 2x, an ROE of 22.3 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.
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