Debt-free penny stock below Rs 15 jumps after forming a strategic partnership with US-based defence manufacturer CQT Weapon Systems

On Wednesday, the shares of this penny stock hit a 5 per cent upper circuit to Rs 15.72 per share from its previous closing of Rs 14.98 per share. The stock is down by 27.4 per cent from its 52-week high of Rs 21.65 per share and has given multibagger returns of over 100 per cent from its 52-week low of Rs 7.72 per share. The stock’s all-time high is Rs 117.75 per share.

The stock name is Brightcom Group Ltd.

Brightcom Group, an Indian digital technology company, has formed a strategic partnership with the U.S.-based defence manufacturer CQT Weapon Systems. The two companies have signed a Memorandum of Understanding (MoU) to collaborate on advanced defence solutions. This partnership is a key step for Brightcom’s recently launched defence division, which focuses on AI-powered aerospace and autonomous defence technologies.

The collaboration will combine Brightcom’s expertise in artificial intelligence and software with CQT Weapon Systems’ proven precision-engineered hardware, such as tactical rifles and specialised components. The goal is to create practical, deployable defence solutions that integrate software and hardware. CQT, known for its high-performance tactical platforms, will provide the foundation for Brightcom to translate its software innovations into tangible products for military and law enforcement use.

The partnership's scope covers three main areas. First, they will jointly pursue business opportunities in a number of global markets, including India and other parts of Asia, the Middle East and Europe. Second, they will work on sourcing and adapting CQT's hardware for different regions, with a focus on localised manufacturing and technology transfer. This aligns with the "Atmanirbhar Bharat" initiative, which promotes self-reliance in India's defence sector.

Finally, the collaboration will focus on integrating Brightcom's AI and machine learning platforms with CQT’s hardware to develop cutting-edge solutions. These will include technologies for swarm coordination, intelligent threat response and autonomous combat systems. This partnership is the first step in Brightcom's plan to create a comprehensive ecosystem of AI, software and advanced hardware for the defense and security sectors.

About Brightcom Group Limited

Brightcom Group Limited is a global technology company with 27 years of experience in digital marketing, software and data platforms. Founded in 1998, the company has worked with major brands like Coca-Cola, Samsung and Vodafone, delivering digital campaigns across various platforms. Brightcom has grown through both organic expansion and strategic acquisitions of over 10 companies in the US, South America, Israel and Europe. While maintaining its leadership in the ad-tech space, Brightcom is now expanding into new sectors, including defence technology through its new division, Brightcom Defence. This new division focuses on aerospace intelligence, autonomous systems and AI-powered national security applications, with an emphasis on localized manufacturing and technology transfer to serve both India's defence ecosystem and international partners.

In FY25, the company reported net sales of Rs 5,147 crore and net profit of Rs 710 crore. The company has a market cap of over Rs 3,000 crore and as of March 2025, the company is debt-free. The stock has a PE of 4x, an ROE of 9 per cent and an ROCE of 12 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.