BLS International Services is one of the leading companies in providing visa services. This small-cap stock is in focus this week ahead of the record date for its bonus shares. The stock has emerged as a multi-bagger with gains of over 305% in one year. The stock has made its way up slightly close to 90 380 level. On Dalal Street, shares of BLS International are currently Rs.
At around 11.49 am, shares of BLS International traded flat 370.70 each. However, the stock gained over 2% with an intraday high 379.15 each. in present Market Value, the valuation of the company is approx. 7,625 crore on BSE.
Last week, the BLS hit a new 52-week high. 389.20 per share before the issue of bonus shares.
The company has fixed December 10 as the record date for determining the eligible shareholders for bonus issue In the ratio of 1:1. Thus, BLS International will go ex-bonus on December 8, as per BSE filing. Ex-date is when the equity share price of a company gets adjusted for dividend payment or bonus issue.
The ratio 1:1 means that the company will issue one bonus share for every existing one share of face value of Re 1.
Generally, bonus issues are additional shares given free of cost by a company to existing shareholders. A bonus issue increases the number of shares outstanding while reducing the share price in proportion to the number of bonus shares issued. It also creates inherent value per equity share and increases the liquidity in the equity shares on the stock exchanges.
BLS is a multibagger stock and has registered strong growth on the exchanges in one year. Investors’ wealth has grown more than four times in a year.
stock was around 93.50 on December 6, 2021 at Rs. stocks traded since 91 110 in December last year. However, 2022 has been fruitful for the stock as it has witnessed remarkable buying from investors. In one year, BLS shares have gained at least 305.50%.
BLS stock is up more than 314% in a year, hitting a new 1-year high set on December 1, 2022.
In H1 FY23, BLS reports consolidated net profit 81.69 cr as against 47.71 crore in H1FY22, while income from operations stood at 629.66 crores Vs. 368.99 crore in H1FY22. During the second quarter (Q2FY23), the company’s net profit and income from operations jumped 50.99 crores and 356.84 cr as against 27.46 crores and 190.46 crore in Q2FY22.
BLS International is a preferred partner for Embassies and Governments across the globe, with an impeccable reputation for setting benchmarks in the areas of Visa, Passport, Consular, e-Governance, Verification, Biometric, e-Visa and Retail services.
Know your inner investor
Do you have guts of steel or are you a victim of insomnia regarding your investments? Let’s define your investment approach.
catch all business News, market news, today’s fresh news events and breaking news Update on Live Mint. download mint news app To get daily market updates.