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Multibagger Stock Crash: Brightcom Group Ltd shares have fallen sharply today. The company’s shares hit the lower 5% range today. Brightcom Group Limited stock had hit a fresh 52-week low at Rs 24.65. Let us tell you that this stock has steadily declined since last year. The stock is down 15% so far this year YTD. In 2021, it had brought strong returns to its investors.
77% return in one year
From 2022 to now, this stock is under selling pressure. This stock lost 77.12% of its investors in one year. During that time the stock has fallen from Rs 108 to Rs 24.85. The stock is down 14.75% over the past month. This stock is down 48.18% in 6 months. Brightcom Group Ltd. In 2021, it delivered a huge return of about 2,500%. At the same time, it was one of India’s worst performing companies in 2022.
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How long has the stock been falling?
Let us tell you that this sell-off in shares began after the market regulator raised concerns that some of the company’s disclosures and financial transactions were “harmful” to investors. The Securities and Exchange Board of India last year engaged Deloitte Touche Tohmatsu India LLP to conduct a forensic review of Brightcom’s financial data. “Sebi needs to act quickly and strengthen its investigative system,” said Harish Kumar, Partner, Luthra & Luthra Law Offices India.
After record gains, this stock surged ₹190 in one go, IPO also made a fortune, experts optimistic
Shankar Sharma’s stake in Brightcom Group
According to Brightcom Group’s shareholding pattern for the July-September 2022 quarter, experienced investor Shankar Sharma holds 2.50 million shares of Brightcom Group, representing 1.24 percent of the company’s total paid-up capital.
