Back-to-Back upper circuit in this multibagger stock: Shares of this BSE 500 company gained over 300 per cent in the last two years!
An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.17 lakh today!
In the past four trading sessions, the shares of Brightcom Group Limited are locked in the upper circuit with an increase in volumes of the shares traded. Brightcom Group Limited has delivered multibagger returns to its shareholders in the last two years. During this period, shares of Brightcom Group Limited jumped from Rs 3.86 on April 6, 2021, to Rs 16.10 on April 4, 2023, an increase of about 317 per cent in the last two-year holding period. The company is a part S&P BSE SmallCap Index.
In Q3FY23 on a consolidated basis, the company's net revenue increased by 41 per cent YoY to Rs 2,865 crore. The bottom line increased by 46.43 per cent YoY to Rs 544 crore in Q3FY23. The company is currently trading at a TTM PE of 2.3x against the industry PE of 25.6x. The company achieved ROCE and ROE of 29.42 per cent and 21.33 per cent in FY22. The company is a constituent of group A stocks with a market capitalisation of Rs 3,751.32 crore.
On Thursday, the stock opened at Rs 18.59, with a high and low of Rs 18.59 and Rs 18.59. The stock closed trading at 18.59, up by 4.97 per cent. The stock has a 52-week high and low of Rs 108.45 and Rs 11.98, respectively on BSE.