An investment of Rs 3.25 lakh in this global tech company a year ago would have made you a crorepati today!
5paisa Research Team
Last Updated: 11th December 2022 - 02:37 pm
Brightcom has given mindboggling multibagger returns of 2977% in one year and an astounding 6177% returns in three years.
As the bear grip tightens the Indian market, global tech company Brightcom has rallied 80.26% in the last one month, while it almost rose 1800 % in 6 months. The multibagger has given compounding returns on yearly basis, defying all rational expectations from the stock market.
The power of compounding exhibited by this multibagger on a timeline can be shown with an initial investment amount of Rs 1 lakh as under -
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In one month, the stock has risen 80.26%, Rs 100,000 invested would have become Rs 180,260.
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In six months, the stock jumped 1813.87%, Rs 100,000 invested would have become Rs 1,913,800.
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In a year, Brightcom shares zoomed by 2977.21%, Rs 100,000 would have become Rs 3,077,000.
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In three years, the stock has rocketed 6177.50%, Rs 100,000 would have become Rs 247,318,000.
As you can see three years ago, an investment of Rs 1 lakh would have fetched an investor Rs 2.47 crore approx, while an investment of Rs 1 lakh a year ago would have compounded into Rs 30.77 lakh in just three years.
Brightcom Group Limited consolidates Ad-tech, New Media and IoT based businesses across the globe, primarily in the digital eco-system. Brightcom consumer products division is focused on IoT. Its LIFE product is dedicated to the future of communication and information management in which everyday objects will be connected to the internet, also known as the Internet of Things (IoT). Headquartered in Hyderabad, Brightcom group has a global presence, in the US, Israel, Latin America ME, Western Europe and Asia Pacific regions.
In the last trading session, the stock touched its 52-week high of Rs 125.55. At the time of writing this article, Brightcom is trading at Rs 131.30 with a gain of 5% on the bourses.
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