Brightcom Company Share Price Target 2023, 2024, 2025, 2030 in future? Best Mulltibuggar Stock for long-term

Brightcom Company Share Price Target 2023, 2024, 2025, 2030 in future? Is a good time to buy Brightcom stock? Is Brightcom stock a good buy for long-term investment?

About Brightcom Company

This company in the Brightcom Group is an emerging company in the IT sector. This company was established in 2010.

Earlier, the name of this company was Lycos Internet Ltd. But in 2018, the name of the company was changed to Brightcom. Since then, the stock of the company has seen a good jump.

This company works to provide global online and digital marketing services. This company works on a digital eco-system. Brightcom Company mainly works in three segments: media (ad-tech and digital marketing), software services, and future technology.

Brightcom Company also has two subsidiary companies:

1. Yreach Media Pvt. Ltd.

2. LIL Projects Pvt. Ltd.

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Brightcom Company Fundamentals

Brightcom Company is fundamentally looking like a very good company. The business model of the company can grow well in the future. The company's sales growth and net profit are continuously increasing. Because of this, the company has become debt-free today.

Brightcom Company is a small-cap company. Where the promoter has reduced his holding in the stock of the company, FII has increased his holding in the stock. Promoter holdings have now come down from 22% to 18%, while FII has increased its holdings in the stock from 2% to 12%.

The company has a good client network. The P/E ratio of the company's stock is 1.80, which is much lower than the industry P/E ratio of 28.20. So let's try to understand, on the basis of fundamentals and technical analysis, what can happen in the future for Brightcom share price target in 2023, 2024, 2025, and 2030?

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Brightcom Share Price Target 2023

In the year 2018, the name of the company was changed to Brightcom Company. Since then, a good rally has been seen in the stock of the company. Brightcom Stock's 52-week high is Rs. 122.

Right now, due to the global recession and the Russo-Ukrainian war, the stock market all over the world is witnessing a decline. The promoter has reduced his holding in the stock, and SEBI has also ordered certain actions. Due to this, the stock of the company stock was see a decline.

But this decline was not going to last for long. If we talk about the company's stock price target for 2023, then FII has increased its holding in the company's stock to 12%. We can see a good pullback in the stock price of the company. Brightcom Share Price Target 2023 can be seen on the down side till Rs 22 and on the top again up to Rs 34.

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Brightcom Share Price Target 2024

Brightcom Company is an emerging company in the IT sector. The main business of the company is advertising and digital marketing. The future of our upcoming digital lives will be seen here. Most of the company's revenue comes from advertising technology and digital marketing.

Brightcom Company works to provide ads for display advertising, email marketing, search marketing, video marketing, affiliate marketing, digital marketing, and traffic management.

The company's customer list includes the names of big companies from India and abroad. In the customer list of Brightcom Company, many companies like Airtel, Vodafone, Samsung, British Airways, Coca-Cola, ICICI Bank, Viacom, Sony, and Star are included.

The sales growth and net profit of the company are continuously increasing at a good pace. In the coming days, a good rally can be seen in the stock of the company. Brightcom Share Price Target 2024 can be seen around Rs 50 to Rs 55. If the company's stock crosses this level, then a good rally can be seen in the stock.

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Brightcom Share Price Target 2025

Brightcom Company's business is showing good growth potential in the future. The management of the company is very good, and the company has acquired two small IT sector companies for the growth of its business.

The company works to provide advertisements to its customers through platforms like Google, Yahoo, and Unilever. The company works with big agencies like Haves Digital, JWT, Media.com, Mindshare, OMD, and Ogilvy One to provide advertisements to its customers.

Brightcom Company has also been able to repay all its debts because of the continuous growth of its business. Brightcom Share Price Target 2025 can be seen from Rs 75 to Rs 90. But if a downtrend is seen in the stock market, then the price of the stock will be around Rs. 50.

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Brightcom Share Price Target 2030

Is Brightcom stock a good investment for long-term?

Our future is going to be one of digital technology. Due to this, the demand for companies doing ad-tech, digital marketing, and software development is seen as increasing a lot. But there will be tough competition in the IT sector in the coming days. New companies are coming into this sector every day.

FII has shown confidence in the company's stock and has increased its holding from 2% to 12%. The company's stock has a P/E ratio of 4.50, which is much lower than the current industry P/E ratio of 28.20. Right now, a good jump can be seen in the stock price target of the company. Brightcom Company's stock can become the best multibugger stock in the future.

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Is a good time to buy brightcom company stock?

Brightcom stock's 52-week high is Rs. 122. If you look at the technical chart analysis of the company's stock, then it is the right time to buy the company's stock. The stock of the company can be bought with a target of Rs 40–45and a stop loss of Rs 22.

The promoter has reduced his holding in the stock of the company, and SEBI has also ordered some action against the company. because of which the stock of the company is seeing a decline. due to which the stock of the company is seen trading around its book value price.

The stock of the company had given a 1500% return to its investors in the last year. The net profit of the company is continuously increasing. Because of this, the company has become debt-free. The market cap of Brightcom Company is currently Rs 5500 crore.

The company is currently a small-cap company and can grow well in the future. This type of small-cap company has the capacity to give higher returns than large companies. The stock of the company is showing a good correction from the upper levels. This is the right time to buy the stock of Brightcom Company.

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Frequently asked questions

1. What is the market cap of the company?

Presently, the market cap of the company is around Rs 5500 crore.

2. What is the face value and book value of the stock of the company?

The face value of the company's stock is Rs 2, and the book value is Rs 30.

3. What is the dividend yield of the company?

The dividend yield of the company is 1%.

4. What are the ROE and ROCE of the company?

The ROE of the company is 21.2%, and the ROCE is 29.4%.

5. What is the current debt of the company?

The company currently has no debt. Due to the good net profit, the company has written off all its debt, and it also has a cash reserve of Rs 7,000 crore.

6. What is the promoter's stake in the company?

The promoter's holding in the company is very low. The promoter's holding in the company is 18.50%. Apart from this, the public holding in the company is 68%, and the FIIS holding is 13%.

Friends, we hope that the information given by us in this article will definitely help you understand the future share price target of Brightcom Company.

Note: Before investing money in the stock of any company, do complete research on that company from your side as well. Only after that should you invest your money in the stock of a company. Similarly, for information about the technical and fundamental analysis of stocks of other companies, do read our other posts as well.