1,195 per cent returns in this multibagger stock: This small-cap IT company partners with LoopMe!
The stock also gave multibagger returns of 171.10 per cent from its 52-week low of Rs 9.27 per share.
Brightcom recognized for its global consolidation of Ad-tech, New Media based businesses, has partnered with LoopMe. LoopMe is renowned for its expertise in artificial intelligence-driven brand advertising performance. As a proud publisher within LoopMe's network, Brightcom is fully committed to harnessing the vast capabilities of LoopMe's intelligent marketplace.
This groundbreaking platform is transforming the programmatic ecosystem by enabling supply partners to maximize the value of their inventory whilst ensuring high bid matches for demand. This powerful alliance is set to revolutionize our interactions within the digital ecosystem, home to over 2 billion monthly active users globally.
The synergistic efforts are geared towards amplifying engagement and enhancing our global footprint. The intelligent marketplace by LoopMe, powered by AI technology and dynamic filtering capabilities, offers unparalleled advancements, including a 40-fold increase in DSP buying efficiencies. Brightcom's illustrious portfolio of collaborations extends to a vast network of blue-chip advertisers, top-tier publishers, and agencies.
This includes industry heavyweights like Airtel, British Airways, Coca-Cola, Hyundai Motors, Facebook, LinkedIn, MSN, Twitter, Yahoo!, Havas Digital, JWT, Mediacom, and Mindshare. We are optimistic that this alliance with LoopMe will catalyze innovation, taking our service offerings and operational efficiencies to the next level.
After rising nearly 1,195 per cent over the period of 5 years, shares of Brightcom Group are undergoing a correction and have hit the lower circuit today. Shares of Brightcom Group Ltd plunged 5 per cent to Rs 25.13 per share from its previous closing of Rs 26.45.
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Brightcom Group Ltd (formerly Lycos Internet Ltd) offers digital marketing solutions to businesses, agencies and online publishers worldwide. The shares of the company saw a spurt in volume by more than 1.76 times on BSE.
According to the Quarterly Results, the net sales stood at Rs 1,367.92 crore, up 10.28 per cent and net profit stood at Rs 229.15 crore, up 2.73 per cent in Q4FY23 compared to Q4FY22. According to the annual results, the net sales stood at Rs 7,396.77 crore, up 47.36 per cent and net profit stood at Rs 1,370.99 crore, up 50.30 per cent in FY23 compared to FY22.
The stock also gave multibagger returns of 171.10 per cent from its 52-week low of Rs 9.27 per share. Investors should keep an eye on this small-cap stock.