Brightcom shares hit 5% lower circuit for 4th day on leadership exit
The share price of Brightcom Group has fallen over 25% in the last seven sessions following regulatory crackdown by the SEBI.
The share price of Brightcom Group has fallen over 25% in the last seven sessions following regulatory crackdown by the SEBI.
The stock hit a 52-week low of ₹9.27 on April 28, 2023, after SEBI issued show cause notice against the company and its directors for accounting irregularities.
The Hyderabad-based digital advertising company's market cap has slipped below ₹2,000 crore on Thursday.
Brightcom Group's promoters have directly benefited from the manipulation of the company's financial statements, says SEBI.
This digital market company has outperformed equities as well as Bitcoin by delivering skyrocketing returns of nearly 4,000% in one year.