Shares of this BSE 500 company delivered over 300% returns to its investors 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.

Brightcom Group Ltd, an S&P BSE 500 company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 3.86 on 06 April 2021 to Rs 16.10 on 04 April 2023, an increase of 317% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.17 lakh today.

Recent performance highlights   

In the recent quarter Q3FY23, on a consolidated basis, the company’s net revenue increased by 41% YoY to Rs 2,865 crore. Similarly, the bottom line increased by 46.43% YoY to Rs 544 crore.

The company is currently trading at a TTM PE of 2.3x, as against the industry PE of 25.6x. In FY22, the company delivered an ROE & ROCE of 21.33% and 29.42% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 3,573.74 crore.

Share price movement   

In the pre-opening session today, the shares of Brightcom Group Ltd surged 10% to trade at Rs 17.71 apiece. With this rally, the share price hit the upper circuit and trading activity came to a halt. Today, 1,06,26,036 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 108.45 and Rs 11.98, respectively on BSE.

Company Profile

Brightcom Group Limited consolidates Ad-tech, New Media and IoT-based businesses across the globe, primarily in the digital eco-system.

The rally in today’s pre-opening session came after an announcement made by the company. In a meeting held on Monday, the company's board approved the lock-in extension of equity shares issued to the shareholders of Vuchi Media Group (MediaMint) for up to 6 months pursuant to the termination of the Share Purchase Agreement.