Debt-Free Penny Stock Under Rs 10 To Keep Under The Radar As Company Announces Weekly Updates
The stock is 61.3 per cent down from its 52-week high of Rs 22.97 per share while it is up by 33.5 per cent from its 52-week low of Rs 6.65 per share.
Brightcom Group Ltd on Sunday, September 15, 2024, shared weekly updates. There are as follows:
Trenova is gearing up to introduce two innovative products: Programmatic Advertising, a cutting-edge digital advertising solution, and a data-driven platform for political campaigns. To enhance its market presence, Trenova is also developing a standalone business unit focused on digital marketing software and services. The company aims to provide tailored solutions to meet the specific needs of the digital marketing sector.
Trenova's team is currently attending DMEXCO, a leading global event in digital marketing and advertising. This participation offers an opportunity to connect with industry leaders, explore potential partnerships, and showcase the company's new products under the Trenova brand. By attending such events, Trenova aims to maintain its position at the forefront of the digital marketing sector and expand its global reach.
Following productive meetings with officials from the NSE and BSE, Trenova is actively working to address the compliance requirements necessary for the revocation of the trading suspension. While the exact timeline remains uncertain, the company is optimistic about fulfilling these requirements in the near future, which will enable the resumption of normal trading. The exchanges have provided a clear list of actions that need to be completed, and Trenova is diligently working through these steps.
Trenova is implementing a strategic approach to broaden its network and extend its market connections. By participating in key industry events, the company aims to build its market reach and enhance shareholder confidence. Additionally, Trenova is actively collaborating with officials at NSE and BSE to meet the necessary compliance requirements and restore normal trading. This collaborative effort is crucial for establishing a stronger compliance foundation for the long term.
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Stock Updates
The stock last traded on Monday, September 09, 2024, wherein shares of Ltd were locked in a 5 per cent upper circuit to Rs 8.88 per share from its previous closing of Rs 8.46. The stock is 61.3 per cent down from its 52-week high of Rs 22.97 per share while it is up by 33.5 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. Today, the stock will be in focus post business updates.
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.
The company has a market cap of Rs 1,791.91 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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