flight of this stock stopped after 12 consecutive upper circuits the stock fell today
read on the appBrightcom Group Share: The flight of Brightcom Group shares came to an end today. This multibagger stock, which has been hitting upper circuit on upper for the past
several days, has hit a lower circuit of 5 percent today. Today it has fallen 5 percent to Rs 15.77 on BSE. This is the same stock which was priced at Rs 2.76 five years back and
has reached Rs 15.55 today. However, at one time (10 December 2021) it reached Rs 117.66. Its 52 week high is Rs.69.80 and low is Rs.9:35. The stock has fallen nearly 75 per cent
in the last one year. That is, a year ago the investment of Rs 1 lakh in this stock has come down to around Rs 25,000 only. If someone would have invested one lakh rupees in this
stock in the beginning of this year, then his one lakh rupees are now only around 54000. Six months ago, those who invested in this stock suffered a setback of more than 56
percent. However, a month ago, those who invested in it got a return of more than 11 percent. Rs 2 stock hitting circuit after circuit, did you buy?
Earlier till
Wednesday, an adverse ruling by Sebi in April in a case related to irregularities in accounting had little impact on Brightcom Group shares. The stock soared for 12 consecutive
sessions. This stock from veteran investor Shankar Sharma's portfolio gained nearly 75% after hitting its 52-week low of Rs 9.35 on May 2, 2023. Buy, Sell or Hold
Analyst Manoj Dalmia, Founder & Director, Praveen Equities recommends avoiding the stock. He has attributed this to the high volatility in share prices. He said that the stock has
come down from a high of Rs 112 to Rs 15.77 now. Dalmiya said that investors can invest small amounts if they have to bet on it. (Disclaimer: The recommendations, suggestions,
views and opinions given by the experts are their own and not those of Live Hindustan. The information given here is only about the performance of the stock, it is not investment
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advice. Investing in the stock market is subject to risks and Consult your advisor before investing.)
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