BLS International Services Ltd up by 8.19%: Market Update By Espresso


Espresso Shot of the Day -BLS International Services Ltd up by 8.19 percent

December 13, 2022
Espresso Shot of the Day -BLS International Services Ltd up by 8.19 percent

BLS INTERNATIONAL SERVICES LTD 202.80  (+8.19%) BSE – INE153T01027 | 13th December 2022

BLS International Services Ltd. is a tech-enabled specialty service provider for governments and diplomatic missions worldwide and is amongst the top three global players in this domain. With over 16 years of experience, BLS serves 46 client governments in over 66 countries and has processed over 52 million applications till date. The company has a robust strength of over 15,000 employees and associates who operate from more than 12,000 centers globally. The company is recognized as a ‘Best under a Billion Company” by Forbes Asia and is amongst Fortune India’s Next 500 companies. BLS International is a preferred partner for Embassies and Governments across the world, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, e-governance, attestation, biometric, e-visa and retail services.

Recent Drivers

  • On November 29,2022 the company fixed December 10, 2022, as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1.
  • On November 8,2022, the company reported a net profit of Rs. 6.57 crores in September 2022, up 119.86% from the Rs. 2.99 crores reported in September 2021.
  • On November 8,2022, the company reported net sales of Rs. 24.04 crores in September 2022, up 209.04% from the Rs. 7.78 crores reported in September 2021.
  • As per the bulk deal data on the NSE, the market veteran Shankar Sharma bought 11.50 lakh shares, or 0.56% equity of BLS International Services at an average price of Rs. 275 per share on October 17,2022.
  • On September 3,2022, the company's Board of Directors recommended a final dividend of 25% of face value or Rs. 0.25 per equity share with a face value of Rs. 1
        (Sources: BSE, Money control, Business Standard)

Technical Force*

  • S&P BSE Small cap month till date gain by 0.90%.
  • 3 months avg. BSE volume: 295,699
  • Traded on new 52 week high value 204.65
  • Quantity traded: 1,67,465| Deliverable quantity: 60,924 (36.38%).
  • Stock price jumped by more than 334 % from a one-year low level: 46.25 (January 6, 2022)
  • Daily RSI (14) is above overbought territory today.
  • 52-week-high: 204.65| 52-week-low: 46.25.

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Some Key Ratios (Source: BSE)

Market Cap:  8,331.43 Crores

PE:  116.96

OPM%: 38.86

ROE%:  44.66

Promoters holding%: 74.40

Prev. Close:  187.45

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.