Shares of Brightcom Group (BCG) Ltd were stuck in the upper 5% BSE circuit during intraday trading on Tuesday. Stocks have hit the upper circuit day in and day out, with a few exceptions over the past three months.
BCG shares have jumped 3,500% in the past year to December 8, 2021, according to Stock Edge, an app to analyze NSE and BSE data.
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Technical data from Stock Edge shows shares of the digital marketing firm jumped 10.87% in one week, 84.44% in one month, over 300% in three months, 1,400% in six months and by 3438% massively in the last year like Wednesday.
From the 52-week low of Rs 3.82 per share on December 15, 2020, shares climbed to Rs 145.50 per share on BSE on Wednesday. Shares jumped Rs 6.90 per share or Rs 4.98% from its previous close of Rs 138.60, which it hit on December 7.
Source: Stock Edge
Earlier, in another blow to the arm, Brightcom Group Limited acquired MediaMint, a digital operating and consulting services company for Rs 566 crore on December 7, according to the company’s NSE filing.
“In accordance with Regulation 30 of the SEBI Regulation (Listing Obligations & Disclosure Requirements), 2015, we inform the stock exchanges that the company has today concluded a definitive agreement to acquire 100% of Vuchi Media Private Limited, operating under the brand MediaMint”, BCG said in a regulatory filing.
MediaMint is an end-to-end digital operations and consulting provider specializing in advertising operations, campaign management, creative services, data analytics, platform support, development operations, and more.
Incorporated in January 1999, Brightcom Group is an advertising technology and software development company actively engaged in providing technical and economical solutions to digital advertising,
Sectors of marketing and information management through technology-based companies, new media and IoT around the world, mainly in the digital ecosystem.