NSE to suspend trading in Brightcom Group stock
On May 15 at 11 am, Brightcom shares hit lower circuit and were trading at Rs 12.25 apiece
On May 15 at 11 am, Brightcom shares hit lower circuit and were trading at Rs 12.25 apiece
However, CLSA is bullish on the Tata Group company's growth prospects and has increase the target price to ₹1,074 from ₹1,061 per share earlier
The stock hit its 52-week high of ₹620.60 on February 7 this year
Revenue from operations for the same period increased 24.6 percent year-on-year to Rs 954.7 crore in Q3FY24
The stock hit an all-time high of Rs 2,850 at 12.50pm on January 29
The shares began their downward trend after reaching an all-time high of ₹123.20 apiece on December 14
Experts point out that despite the prevailing sluggishness in the global economy, there are notable positive indicators within India's macroeconomic landscape