Brightcom Group share price has been in uptrend since 6th June 2023 and it has been hitting 52-week on a regular basis. During early morning deals on Thursday, this Shankar Sharma stock opened upside but soon witnessed profit booking and started falling from intraday high of 36.45 apiece. The digital marketing company’s stock received heavy beating in the last one year but in the last one month, the stock has emerged one of the circuit to circuit stocks on Dalal Street and delivered to the tune of 115 per cent in this time. However, the digital stock took a pause from its continuous rally and witnessed profit booking trigger during early morning deals. Brightcom Group newsBrightcom Group has been in news after Securities and Exchange Board of India (SEBI) conducted an examination in the matter of Brightcom Group Limited (“BGU the company”) to ascertain violation of provisions of the SEBI Act, 1992 (hereinafter called “SEBI Act”) and SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter called “PIT Regulations”), if any, by certain persons/ entities, while trading in the scrip of the company during the period April 01 , 2020 to August 13, 2021. As per the exchange communication by the Brightcom Group in response to the SEBI’s adjudication order, “The adjudication order issued by the Securities and Exchange Board of India (SEBI) under Section 15-I of the SEBI Act, 1992, pertains to a distinct and separate matter. We want to clarify that this order is based on a different show-cause notice that SEBI initiated on November 23, 2022. The adjudication order, covering the period from April 1, 2020, to August 13, 2021, addresses specific aspects such as disclosure, code of conduct, execution of trades during the trading window closure period, and contra trade. A penalty of Rs.5 lakhs has been levied on the company and a total of Rs.35 lakhs on five associated entities following the completion of the adjudication process.” “In light of this development, we are currently consulting with our legal advisors to carefully evaluate the order and determine the appropriate steps, which may include compliance with the directives provided. We wish to convey our satisfaction with this development, as it brings clarity to an outstanding situation,” Shankar Sharma-backed company added. Shankar Sharma investment in Brightcom GroupAs per the shareholding pattern of Brightcom Group for January to March 2023 quarter, Shankar Sharma holds 2.50 crore shares in the digital marketing company, which is 1.24 per cent of total paid up capital of this company.