Multibagger bonus shares hit the upper circuit for the 5th consecutive session. do you have

In its exchange communication in January 2022, Brightcom Group stated regarding the issuance of the bonus share offer, “The Company has decided to set Wednesday, March 16, 2022, as the record date in order to protect the rights of shareholders entitled to issue bonuses.” share. The proposed equity bonus will be issued in the ratio of 2:3 (two equity shares for every three equity shares held by the members), as per the meeting held on 25th January, 2022 by the Board of Directors of the company. has been recommended in the matter, for the approval of the members.”

Justifying its decision to offer bonus shares, the company said, “As Brightcom’s stock has risen manifold over the past 12 months, it has now reached a level that may be out of reach for many small investors. The issuance of bonus shares will make it more affordable for new, incoming members of our shareholder list.”

Brightcom Group Share Price History

Brightcom Group shares are one of the multibagger stocks in 2021 and have been hitting the upper circuit since March 10, 2022. Multibagger stock has also seen a sharp jump in its trading volume.

The Brightcom Group is a digital marketing company headquartered in Hyderabad. It has offices in the US, Argentina, Brazil, Chile, Uruguay, Mexico, UK, France, Germany, Sweden, Ukraine, Serbia, Israel, China, India and Australia.

The current market cap of Brightcom Group’s shares is 13,620 crore and its book value per share is slightly above 19. Its current trade volume is 4,46,081, which is significantly lower than its 20 day average volume of 35,04,566.

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