Stock of this digital marketing company gained more than 190 per cent since June 1

The shares of Brightcom Group have been buzzing on the bourses recently. Gaining by around 194.80 per cent since June 1, 2021, the company’s scrip has witnessed a strong bull run.  

On Monday as well, the shares of Brightcom Group locked in at its upper circuit of 5 per cent to suspend trading for the day at Rs 26.25 per share. The company’s scrip has sky-rocketed by around 103.95 per cent since June 14, 2021, locking in at its upper circuit for multiple consecutive trading sessions.  

Recently, the company informed the exchanges that its Warrants & Share Allotment Committee of the company’s board of directors approved the allotment of 3,42,00,000 equity shares of Rs 2 each, fully paid-up, pursuant to the conversion of preferential warrants into equity to the non-promoters allottees.  

Brightcom Group Ltd, which was formerly known as Lycos Internet Limited is a service company engaged in providing digital marketing services and the development of computer software & services. It operates mainly via two segments namely, digital marketing and software development. It is also a global information technology implementation and outsourcing services provider.