This small-cap stock jumps over 8% on Monday after the company entered into a contract. Currently, the stock is trading 13.8% away from the 52-week high. This stock has delivered 58% returns in six months & 65% returns in one year and 340% returns in two years, therefore, making an investment of 1 lakh two years ago now would be with Rs. 4.40 lakhs.
BLS International Services Ltd
With a market capitalisation of Rs. 10,925 Cr, the company comes into the small-cap category. On Monday the stock rose over 8%, at 14:00 p.m., shares are trading 6.2% up at Rs. 265.35 on BSE.
According to the BSE filing, has signed an exclusive global visa outsourcing contract for Slovakia in 18 countries with more than 54 offices. As per the industry data, 2.64 million tourists visited Slovakia in 2021, and this number is expected to increase in line with travel trends.
In addition, with this new contract, BLS International will be entrusted with the responsibility of not only offering tourist visa services and business visa services but also national visa services, all with the aim of facilitating seamless travel and immigration procedures.
The company’s total revenue grew by 41% from Rs. 276.58 Cr in Q1 FY23 to Rs. 390.51 Cr in Q1 FY24 and for the same period, net profit increased by 131% from Rs. 30.70 Cr to Rs. 70.98 Cr.
As per the latest shareholding data, Promoters hold 71.68%, FIIs hold 8.46%, DIIs hold 0.04% and the public hold 19.82% stake in the company.
BLS International Services Ltd is a global leader in outsourcing services for government and diplomatic missions. The company presently has a global network of more than 50,000 facilities, with over 60,000 employees and associates providing consular, biometrics, and citizen services.
Written by Sheshadri N
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