Debt-Free Penny Stock Under Rs 10 To Keep Under The Radar As Company Announces Weekly Updates
. The stock has a PE of 2x, an ROE of 22.3 per cent and an ROCE of 31 per cent.
Brightcom Group Ltd on Saturday, September 21, 2024, shared weekly updates. There are as follows:
DMEXCO: A Hub for Digital Innovation
The recent DMEXCO event showcased the latest trends in the digital advertising landscape. With over 40,000 attendees from 90 countries and hundreds of speakers and exhibitors, the event provided a platform for industry professionals to connect, learn, and explore new opportunities. Key themes included artificial intelligence, programmatic advertising, digital out-of-home (DOOH), sustainability, and retail media. Our team successfully forged new partnerships at the event, laying the groundwork for exciting future collaborations.
DIGIDAY SUMMIT: Marketing, Media, and Technology Converge
The DIGIDAY SUMMIT in Miami brought together industry leaders to discuss the intersection of marketing, media, culture, and technology. Attendees gained valuable insights from executives at leading companies like Bloomberg Media, Business Insider, Hearst, WSJ, Axios, and Disney Advertising. Key topics included subscription models, leveraging AI for direct sales, optimizing inventory supply paths in a cookie-light world, and unlocking first-party data for targeted advertising. Additionally, the summit provided opportunities for networking, brainstorming, and learning about actionable solutions to implement in our business.
Stock Updates
The stock last traded on Monday, September 23, 2024, wherein shares of Ltd were locked in a 5 per cent upper circuit to Rs 9.78 per share from its previous closing of Rs 9.32. The stock is 57.4 per cent down from its 52-week high of Rs 22.97 per share while it is up by 47 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.
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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.
The company has a market cap of Rs 1,973.53 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.