{"id":105389,"date":"2023-07-19T14:00:48","date_gmt":"2023-07-19T08:30:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105389"},"modified":"2023-07-19T14:00:49","modified_gmt":"2023-07-19T08:30:49","slug":"multibagger-stock-jumps-7-after-fii-bought-3-3-stake-in-the-company-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-7-after-fii-bought-3-3-stake-in-the-company-check-the-details\/","title":{"rendered":"Multibagger stock jumps 7% after FII bought 3.3% stake in the company; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-830903046\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>An outdoor advertising agency with a market Capitalization of Rs 435 crores surged 8.2 percent in early trade on Wednesday to hit an all-time high of Rs 316 per share after Mauritius-based foreign portfolio investor (FPI) Aegis Investment Fund purchased a stake in the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1057549673\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543831\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Bright Outdoor Media Ltd<\/a><\/strong> shares were trading at Rs 312 per share on the BSE at 1:11 p.m., up Rs 20.85 or 7.16 percent.<\/p><p>According to a report, Aegis Investment Fund and Aegis Investment Fund PCC of Mauritius purchased a 3.3% stake in Bright Outdoor Media Ltd for Rs 13.34 crore through open market.<\/p><p>According to an exchange report, Aegis Investment Fund purchased 2 lakh shares at an average price of Rs 291.1, and Aegis Investment Fund PCC purchased 2.6 lakh shares at an average price of Rs 290.<\/p><div class=\"trade-content_5\" id=\"trade-2018403452\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Bright Outdoor Media Limited is an advertising agency and one of India&#8217;s leading Out of Home (OOH) media firms, operating across the country.<\/p><p>In the previous three months, the company&#8217;s share gained multibagger returns of 107% from Rs 155 to the present price.In three months, a shareholder&#8217;s investment of Rs 1 lakh in the firm would be worth Rs 2.07 lakhs.<\/p><p>In FY 22-23, company\u2019s revenue increased by 81.3 percent year on year to Rs 91.50 crore from the previous year. Similarly, net profit grew by 174 percent&nbsp; to Rs 7.10 crore.<\/p><p>As per current shareholding pattern, the promoters own 72.72 percent of the company, while retail investors own 27.29 percent.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-119278798\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>An outdoor advertising agency with a market Capitalization of Rs 435 crores surged 8.2 percent in early trade on Wednesday to hit an all-time high of Rs 316 per share after Mauritius-based foreign portfolio investor (FPI) Aegis Investment Fund purchased a stake in the company. Bright Outdoor Media Ltd shares were trading at Rs 312 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10077,10076,10079,2660,2843,948,936,10078],"class_list":["post-105389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bright-outdoor-media-latest-news","tag-bright-outdoor-media-share-price","tag-fii-stake-in-bright-outdoor-media","tag-multibagger-stock","tag-multibagger-stocks-india","tag-stock-market","tag-stock-market-news","tag-why-is-bright-outdoor-media-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock jumps 7% after FII bought 3.3% stake in the company; 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