{"id":110511,"date":"2023-09-21T18:45:00","date_gmt":"2023-09-21T13:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110511"},"modified":"2023-09-21T17:16:28","modified_gmt":"2023-09-21T11:46:28","slug":"smallcap-stock-falls-3-5-after-india-suspends-visas-for-canadians-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-falls-3-5-after-india-suspends-visas-for-canadians-check-the-details\/","title":{"rendered":"Smallcap stock falls 3.5% after India suspends visas for Canadians; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1251584330\"><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>The shares visa consultancy service provider declined 3.5 percent to Rs 260.80 a share on Thursday after India suspended visas for Canadians.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-12297742\"><!-- 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>At 3:25 p.m., On the National stock exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BLS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">BLS International Services Ltd<\/a><\/strong> shares were trading at Rs 263.10 per share, down 2.5 percent from the previous close price. The company has a market capitalization of Rs 10,812 crore.\u00a0<\/p><p>As per reports, India has suspended visa services for Canadian citizens amid an intensifying conflict against the backdrop of an escalating diplomatic row between India and Canada over the assassination of a Khalistani separatist leader.&nbsp;<\/p><p>The decision comes a day after India issued an alert advising its people traveling to or living in Canada to &#8220;exercise utmost caution&#8221; due to &#8220;growing anti-India activities and politically-condoned hate crimes and criminal violence in Canada.&#8221;&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1860345791\"><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>According to the company&#8217;s exchange filing, the impact of the suspension of visa service is insignificant for the company&#8217;s financials because the Canadian visa issuance business provides less than 2 percent of BLS International&#8217;s total annual revenue.&nbsp;<\/p><p>Canada is home to a significant Indian community, According to the 2021 Canadian census, people of Indian origin make up around 3.7 percent of the country&#8217;s population. Sikh Canadians account for around 2 percent of the population. According to Immigration, Refugees and Citizenship Canada data, there are around 800,000 international students in Canada, with India accounting for 40 percent of the total.&nbsp;<\/p><p>BLS International Services shares have delivered a return of 68 percent in the previous six months, and a return of 83 percent in a year.&nbsp;<\/p><p>The Company&#8217;s return on equity increased from 19.52 percent in FY22 to 25 percent in FY23, while the return on capital employed rose from 19.79 percent to 26.47 percent during the same period.<\/p><p>The company\u2019s revenue has increased by 41 percent year on year, from Rs 272 crore in Q1FY23 to Rs 383 crore in Q1FY24. During the same period, Net profit has significantly increased by 130 percent from Rs 30 crore to Rs 70 crore.&nbsp;<\/p><p>BLS International outsources visa, passport, and attestation services to client countries. It oversees all administrative and non-judgmental aspects of the visa application procedure for Diplomatic Missions.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2069342492\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><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-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1101657415\"><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>The shares visa consultancy service provider declined 3.5 percent to Rs 260.80 a share on Thursday after India suspended visas for Canadians.&nbsp; At 3:25 p.m., On the National stock exchange, BLS International Services Ltd shares were trading at Rs 263.10 per share, down 2.5 percent from the previous close price. The company has a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97246,"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":[12356,12355,948,936,12357],"class_list":["post-110511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bls-international-services-latest-news","tag-bls-international-services-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-bls-international-services-share-falling"],"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>Smallcap stock falls 3.5% after India suspends visas for Canadians; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares visa consultancy service provider declined 3.5 percent to Rs 260.80 a share on Thursday after India suspended visas for Canadians.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-falls-3-5-after-india-suspends-visas-for-canadians-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock falls 3.5% after India suspends visas for Canadians; 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