Multibagger Stock: This Chavanni stock filled the pockets of investors, gave such bumper returns in two years – brightcom group limited shares gave bumper returns to investors

Mumbai: There may be a decline in the stock market, but many Chavanni stocks are seeing a steady rise. These stocks have given excellent returns to the investors. One such share is of Brightcom Group Limited. This stock has given more than 300% returns in the last two years. Shares of Brightcom Group Limited were at the level of Rs 3.86 on 6 April 2021. These shares have increased to the level of Rs 16.10 on April 04, 2023. In the last two years, this stock (Brightcom Group Limited) has given a return of around 317% to the investors. The company is a part of the BSE Smallcap Index. This stock has given multibagger returns in last two years. Had someone invested Rs 1 lakh in the shares of this company two years ago, he would have got a return of Rs 4.17 lakh today. The company’s net revenue grew by 41% YoY to Rs 2,865 crore in Q3FY23. The company is currently trading at a TTM PE of 2.3x as against industry PE of 25.6x. The company achieved ROCE and ROE of 29.42% and 21.33% in FY22. The company is included in Group A shares with a market capitalization of Rs 3,751.32 crore.

Today the stock is trading at the upper circuit of Rs 18.59. The stock’s 52-week high and low levels are Rs 108.45 and Rs 11.98 respectively on BSE.

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