Why’s Brightcom stock price hit upper circuit today?
Shares of Brightcom Group Ltd on Thursday hit the upper limit circuit in the early trade for the third straight session this week.
The stock has gained during the last three trading sessions as a result of the news that Dr Surabhi Sinha has been reappointed as a director for a further five years.
The stock was locked at 5% upper circuit limit after it opened at the intraday high of ₹10.72 per share on the BSE.
In the last three trading sessions the stock is up by 15%.
The stock on Friday, April 28, touched a 52-week low ₹9.27, and ended at ₹9.35, down 5%.
The company stated in an exchange filing that Dr Surabhi Sinha’s re-appointment as an ‘Additional Director in the category of Non-Executive – Independent Director’ of the company for a period of five years beginning on February 12, 2023, is subject to approval by the Company’s shareholders through a special resolution at the upcoming General body Meeting of the Company’s members.
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