Multibagger stock: 2021 was a remarkable year for the Indian stock market from return perspective. In this year, a good number of shares entered the list of multibagger stocks in India despite global economy reeling under the pandemic heat. Brightcom Group shares are one of the multibagger stocks in 2021. In last 3 years, this multibagger penny stock surged from ₹2.44 (close price on 18th January 2019 on NSE) to ₹178.05 (close price on 19th January 2022 on NSE) apiece levels — rising to the tune of near 7,200 per cent in this period.
Brightcom Group share price history
In last one month, this multibagger share has been under selloff pressure losing near 4.5 per cent in this period. In last 6 months, this multibagger stock has surged from ₹35 to ₹178 apiece levels, logging around 400 per cent rise in this period. Likewise, in last one year, this digital marketing company stock has risen from ₹6.20 to ₹178 levels, appreciating to the tune of near 2800 per cent in this period.
Similarly, in last 3 years, this multibagger penny stock has shot up from ₹2.44 to ₹178, registering near 72 times rise in this period.
Impact on investment
Taking cue from Brightcom Group share price history, if an investor had invested ₹1 lakh in this multibagger stock one month ago, its ₹1 lakh would have turned to ₹95,500 today whereas it would have turned to ₹5 lakh in last six months. If an investor had invested ₹1 lakh in this multibagger penny stock one year ago, its ₹1 lakh would have turned to ₹29 lakh today.
Similarly, if an investor had invested in this multibagger penny stock 3 years ago, and had remained invested in this scrip throughout this period, its ₹1 lakh would have turned to ₹73 lakh today.
Brightcom Group share price outlook
However, stock analysts are still bullish on the counter as they expect this multibagger stock to hit up to ₹200 apiece levels in next two weeks
Speaking on Brightcom Group share price target for near term; Sumeet Bagadia, Executive Director at Choice Broking said, “The multibagger stock looks bullish on chart pattern. One can buy and hold the counter for near term target of ₹200 maintaining stop loss at ₹150 levels.” He said that ₹200 levels can be achieved in next two weeks time.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
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Read More: Multibagger penny stock turns ₹1 lakh to 73 lakh in 3 years