Multibagger returns of 361 per cent: Shares of this small-cap company got locked in the upper circuit on April 05
On the broader markets, BSE Mid-cap stocks and BSE small-cap stocks were outperforming.
On Wednesday, the domestic benchmark indices started the day on a positive note. At 01:15 pm, BSE Sensex Index was up 0.84 per cent at a level of 59.604.46.
On the broader markets, BSE Mid-Cap stocks and BSE Small-Cap stocks were outperforming.
One of the BSE Top Gainers, shares of Brightcom Group Ltd zoomed 10 per cent upper circuit to Rs 17.71 per share from its previous closing of Rs 16.10. The stock has a 52-week high of Rs 108.45 and a 52-week low of Rs 11.98. The shares of the company hit back-to-back upper circuits in the recent trading sessions.
Originally founded in 2010 as Lycos Internet Ltd., the business changed its name to Brightcom Group Ltd. in 2018. Through its three main divisions, media (Ad-Tech and digital marketing), software services and future technologies, the business serves direct marketers, brand advertisers and marketing agencies on a global scale.
Talking about the financials, Brightcom Group has a market cap of Rs 3,573.74 crore with a CAGR of 115 per cent in 3 years. The company reported excellent Quarterly Results and annual results. The company is almost debt free.
In the financial year 2022-2023, the company gave bonus shares in the ratio of 2:3 to its shareholders. The stock gave multibagger returns of 361 per cent in just 3 years.
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