Brightcom Group shares upward streak ends, falls by 5%
Brightcom Group shares: In terms of value, the stock saw extreme highs and lows this year.
At today’s low cost of Rs 19.27, the share had bounced 107.88 percent from its one-year low price of Rs 9.27, a level seen on April 28 this year when it turned into a penny scrip.
Despite the heap mentioned above, it dropped 55.85 percent from its 52-week high of Rs 43.65 on October 11 last year.
Brightcom Group shares broke their nine-day rising trend in Friday’s trade. The stock fell 5 percent to strike its lower price band of Rs 19.27 against a last close of Rs 20.28. About 1.74 crore shares changed hands today on BSE.
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This was much down than the two-week average volume of 69.93 lakh stock. Turnover on the counter is at Rs 34.97 crore, commanding a market capitalization (m-cap) of Rs 3,888.54 crore. There were 58,35,937 sell orders today reached to trade orders of nil shares.
The firm has selected Radhakishore Pandrangi as an independent director for five years.
“The Board of Directors of the company approved the appointment of Pandrangi (DIN#06664969) as an Additional (Independent) Director of the company for a term of five years with effect from September 22, 2023, subject to the approval of shareholders in their forthcoming annual general meeting,” Brightcom said in an exchange filing.
