Business

Investor became rich in this share of just Rs 4 in Vikram Samvat 2077

Highlights:

  • Shares of a company providing digital marketing solutions jump in Vikram Samvat 2077
  • Called a penny stock, the stock rose from Rs 4 to an all-time high of Rs 90 in 52 weeks.
  • If 1 lakh had been closed on 4th November 2020, it would have become 18.03 lakhs today.

Ahmedabad: In Vikram Samvat 2077, the stock market has given the highest return in the last ten years. On one hand, where the Sensex and Nifty shares also showed good returns, there are some stocks whose prices have seen a huge jump. Penny shares are included. One such penny is Brightcom Group, which was trading at just Rs 4.18 on BSE on November 4, 2020. However, over a year this penny stock has proved to be a multibagger, and has delivered incredible returns.

Had I invested Rs 1 lakh in a share of Rs 4.18 on November 4, today its value would have been Rs 18.03 lakh. The Sensex has gained 47 per cent during this period. On the other hand, the stock touched an all-time high of Rs 90.55 on 13 October. However, since then profit booking is being seen in it.

Multibagger stock rose 0.87 per cent on November 4. It increased to 75.40 percent in Diwali Muhurta business. Its turnover on the BSE was Rs 2.10 crore and a total of 2.78 lakh shares were traded. Brightcom Group works in the IT sector. After the rally, its market cap has increased to Rs 7,853 crore.

Over the past year, Brightcom’s shares have gained 1002 percent, and in the past month alone it’s up 17 percent. It is trading above the 5, 20, 50, 100 and 200 day moving averages. The stock, which falls in the midcap category, has gained 1.5 per cent in a week. The stock is also kept under surveillance in addition to the first stage, M/s.

Considering the movement it has seen in a year, it has fixed a maximum daily volatility of 5 per cent so that its price does not fluctuate much and investors do not suffer huge losses. As of the September quarter, 22.40 per cent of the company’s shares are in the hands of promoters while 77.60 per cent are held by public shareholders.

Its 1.07 lakh public shareholders hold 80.83 crore shares, of which 1.05 lakh shareholders hold more than Rs 2 lakh. While 683 shareholders hold 20.78 per cent. Apart from this, 18 foreign portfolio investors hold 0.38 per cent or 40.01 lakh shares. All these figures are for the September quarter.

Tata Alexi (305 per cent) and Tanla Platform (259 per cent) are also among the top gainers in Vikram Samvat 2077, working in the IT sector. Apart from this, Newgen Software has also seen a rise of 135.82 percent during this period. However, Brightcom Group, which made a profit of Rs 105.55 crore in the June quarter, was the biggest gainer. The company provides digital marketing solutions to businesses, agencies and online publishers around the world.

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