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Brightcom Group, a digital marketing company, has been at the centre of controversy due to a drastic decline in investors' wealth, with a 90 percent erosion over the past year
Ace investor Shankar Sharma holds 1.25 percent in Brightcom Group
Boost to the stock came in recent days after the company reported a net profit of Rs 229.15 crore for the quarter ended March 2023
The Brightcom stock has seen a near 90% erosion in value since its peak in December 2021
Promoter shareholding in Brightcom declined from 40.45 percent on March 31, 2014 to 13.96 percent on March 31, 2020. The company has issued a clarification to shareholders but is yet to reply to the SEBI notice, which questions the firm’s accounting practices