Brightcom Group Share Price Target 2024, 2025, 2026 to 2030: Can (NSE: BCG) touch 100 INR?

Brightcom Group is a company that has garnered significant attention in the stock market due to its growing popularity in the digital marketing and IOT sector. Investors are closely monitoring the company’s performance and looking for potential investment opportunities.

In this article, we will explore Brightcom Group’s potential for growth and discuss its share price target for the years 2024 to 2030. We will also examine the various factors that may impact the company’s trajectory, and evaluate whether or not it is a good auto stock to buy.

SEBI is investigating into BCG group and this is one of the reasons the stock is continuously seeing a downside. 

Stock history of Brightcom Group

For more than two decades, Brightcom Group has been a publicly traded technology company on Indian stock exchanges. Originally established in 1993 as SSI Limited, the company has changed its name multiple times to accommodate its expanding business operations. In 2000, the company rebranded to CyberMedia India Limited, concentrating on providing internet-related services and solutions worldwide. As Brightcom Group grew and diversified, it again rebranded in 2010, emphasizing digital marketing and advertising.

Brightcom Group has been listed on various Indian stock exchanges, including the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company’s stock price has been volatile, fluctuating in response to changes in the company’s financial performance and the broader market. However, the stock price has generally increased in recent years due to the company’s focus on digital advertising and marketing, which is a swiftly expanding sector.

From May 2021 to December 2021, the stock saw a more than 25x gain in less than 8 months, and a lot of investors ended investing during this period. However, the stock started correcting, and to date, and lost more than 90% of its value within 15-16 months.

It is better not to invest in BCG group shares unless there is a clear picture.

How to buy Brightcom Group shares?

You can buy Brightcom Group shares from the following trading platforms:

Share Price Prediction of Brightcom Group: 2024 to 2030

BCG Share Price Target 2024

In March 2024, BCG’s share price ranged between ₹16.72 and ₹19.22. Throughout the year, the stock demonstrated fluctuations, with prices reaching highs of ₹21.11 in December 2024.

The market cap stands at ₹3,586 Cr., with a current price of ₹17.8 as of March 1, 2024. BCG’s stock exhibits a low P/E ratio of 2.53 and strong financial performance, boasting ROCE of 30.9% and ROE of 22.3%

BCG Share Price Target 2025

In 2025, BCG’s share price is anticipated to rise steadily, with projected highs reaching ₹25.74 in December and lows remaining above ₹16.57 in January.

BCG Share Price Target 2026

In 2026, BCG’s share price is projected to continue its upward trajectory, with highs reaching ₹31.69 in December and maintaining lows above ₹20.39 in January. This indicates sustained growth potential and investor confidence in the company’s performance.

BCG Share Price Target 2027

BCG Share Price Target 2028

BCG Share Price Target 2029

BCG Share Price Target 2030

Financial Condition of Brightcom Group: Last 5 years

The financial statement of Brightcom Group (BCG) shows significant growth in its profit and revenue in the last five years. The company’s sales revenue increased from ₹2,580 crore in March 2019 to ₹7,397 crore in March 2023, representing a growth of approximately 270%.

The company’s net profit also increased from ₹444 crore in 2019 to ₹1,371 crore in 2023, representing a tremendous growth of approximately 300%. The percentage growth of profit is higher than that of revenue, indicating efficient cost management.

However, the maximum share price recorded was ₹98.60 in March 2022, which is quite high compared to the previous years.

On the other hand, the minimum share price was ₹1.46 in March 2019. The company has maintained a healthy operating profit margin of around 30% consistently in the last five years.

The company’s profit and loss statement shows consistent growth in revenue and profit, making Brightcom Group a promising investment option in the future, but the stock is highly volatile, and investors who can’t afford to lose their money should avoid this stock.

FAQS

Is the stock price of Brightcom Group anticipated to rise in 2024?

It is anticipated that Brightcom Group’s share price will increase to ₹21.11 by the end of 2024.

What is the share price target of Brightcom Group for 2025?

The share price target of Brightcom Group for 2025 might be around ₹25.74.

Can BCG touch 100 INR by 2030?

According to our analysis,  it is unlikely for BCG to reach 100 INR by 2030. The maximum price BCG  could reach in 2030 is around ₹70.00.

Also read:

• HCL Technologies Share Price Target  2024, 2025 to 2030: Can HCLTECH reach 6000 INR?
• LIC India Share Price Target  2024, 2025 to 2030: Can LIC touch 3000 INR?
• Cipla Share Price Target 2024, 2025 to 2030: Can CIPLA touch 5000 INR by 2030?

Conclusion: Is BCG a good investment in 2024?

Based on the analysis of the financial statements and the future projections, it can be concluded that Brightcom Group (BCG) has witnessed impressive growth in terms of revenue, PAT, and profit in the last five years. 

The expected growth in the company’s revenue and profit margins in the coming years, coupled with a positive outlook for the digital marketing industry, make it an attractive buy for investors looking for long-term growth prospects. The projected share price targets indicate that there is a high chance for significant returns on investment, especially in the long term. Therefore, BCG shares could be a good investment opportunity for those who have a long-term investment horizon and are willing to take moderate to high risk.

Having said that, I will not be holding BCG (Brightcom Group) in 2024 or anytime soon.

Disclaimer: The article on BCG’s share price target from 2024 to 2030 is for educational purposes only and in no way financial advice. Please DYOR before investing in BCG or any other stocks.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.