IT Stock Below Rs 35 Hits Upper Circuit, Offers 112% Return In Last 1-Month

Small cap company operating in IT Software sector, Brightcom Group Ltd on June 19, 2023 hit upper circuit. Current market price of Brightcom Group share price is Rs 31.81 per share with intraday gain of 4.98%. Brightcom Group stock gave 112% return in just last 1-month on BSE. Check details below:

Brightcom Group Stock Outlook & Return: Current market price of Brightcom Group share is Rs 31.81 per share. Its 52-week high price is Rs 57.70 per share and 52-week low price is Rs 9.27 per share, respectively. Shares of Brightcom Group gave return of 27% in last 1-week, 62% return in last 2-weeks, 80% return in last 3-months, declined 29% in last 1-year, gave 329% return in last 2-years, 522% return in last 3-years, and a huge return of 1514% in last 5-years.

Brightcom Group Financial Outlook: The company reported its net sales at Rs 1,367.92 crore in March 2023, up 10.28% from Rs. 1,240.43 crore in March 2022. The quarterly net profit announced at Rs 229.15 crore in March 2023, up 2.73% as against Rs 223.06 crore in March 2022. It announced the EBITDA at Rs. 391.94 crore in March 2023 up 2.52% as compared to Rs. 382.31 crore declared in March 2022.

About Brightcom Group: Brightcom Group consolidates Ad-tech, New Media and IoT based businesses across the globe, primarily in the digital eco-system. Clients include leading blue chip advertisers like Airtel, British Airways, Coca-Cola, Hyundai Motors, ICICI Bank, ITC, ING, Lenovo, etc. Brightcom Group's consumer products division is focused on IoT. Brightcom Group's renowned global presence, including in the US, Israel, Latin America ME, Western Europe and Asia Pacific regions, positions it at the forefront of the digital landscape, enabling it to support partners in their efforts to leverage and benefit from current global trends, according to its LinkedIn page.

Disclaimer: The small cap stock hit upper circuit and offered attractive returns in last 1-month. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.