What is the story about?
Despite being a fraction of the size of Vodafone Idea (market capitalisation of ₹1.25 lakh crore), Brightcom Group (valued at ₹2,700 crore) is the most traded stock after the Birla Group telco in early trade on Feb 11.
Compared with average trading volume over the last 10 days, Brightcom's spurt is the largest after Bharat Heavy Electricals Limited (BHEL), where the government of India is offloading stock.
There's a blistering rally in the share of Brightcom Group (BGL), a digital marketing firm, which was mired in controversies until December 9, when the regulator allowed two former directors of the company to settle a case involving lapses in disclosures and audit in connection with financial misreporting unearthed earlier.
Since then, the stock has continued to fall, hitting a 52-week low of ₹8.6 per share on January 27. A few days later, on January 31, the board decided to cancel some of the preference shares allotted to two investors, LGOF Global Opportunities Limited (50 million shares) and Connecor Investment Enterprise Limited (16 million Shares).
The company disclosed the decision to the stock exchanges on February 6, while the rally in the stock was already underway.
Including the 12% rally in trade today, shares of the ₹2,700-crore firm, Brightcom, are up 46% from the close on January 30, the day before the board meeting.
The stock has seen double-digit gains in a single day at least 3 times in 2026, all of them coming after the latest board meeting.
Despite being at a three-month high, Brightcom's shares are still well below their 52-week high of ₹22.
Read more: Explained: Why Som Distilleries shares fell nearly 12% today
Compared with average trading volume over the last 10 days, Brightcom's spurt is the largest after Bharat Heavy Electricals Limited (BHEL), where the government of India is offloading stock.
| Stock | Volume traded as at 10:50 am | Multiple of the last 10-day avg |
| Vodafone Idea | 224.2 million | 0.3 times |
| Brightcom Group | 37 million | 3.16 times |
| Samvardhana Motherson | 30.5 million | 1.56 times |
| Yes Bank | 24.8 million | 0.26 times |
| BHEL | 22.7 million | 3.21 times |
There's a blistering rally in the share of Brightcom Group (BGL), a digital marketing firm, which was mired in controversies until December 9, when the regulator allowed two former directors of the company to settle a case involving lapses in disclosures and audit in connection with financial misreporting unearthed earlier.
Since then, the stock has continued to fall, hitting a 52-week low of ₹8.6 per share on January 27. A few days later, on January 31, the board decided to cancel some of the preference shares allotted to two investors, LGOF Global Opportunities Limited (50 million shares) and Connecor Investment Enterprise Limited (16 million Shares).
The company disclosed the decision to the stock exchanges on February 6, while the rally in the stock was already underway.
Including the 12% rally in trade today, shares of the ₹2,700-crore firm, Brightcom, are up 46% from the close on January 30, the day before the board meeting.
The stock has seen double-digit gains in a single day at least 3 times in 2026, all of them coming after the latest board meeting.
Despite being at a three-month high, Brightcom's shares are still well below their 52-week high of ₹22.
Read more: Explained: Why Som Distilleries shares fell nearly 12% today
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