BLS International's stock price up by more than 200% this year

9 Nov 2022 , 03:09 PM

Following the board’s recommendation to issue bonus shares in the ratio of 1:1, or one bonus equity share for every fully paid equity share owned as of the record date, BLS International shares rose 15% to a record high of Rs 388.85 during Wednesday’s intraday trade on the BSE. BLS International has announced a second bonus issuance for the current calendar year 2022. (CY22). Before that, on April 13, 2022, the business’s board of directors approved the issuance of bonus equity shares in a 1:1 ratio, and on May 9, 2022, the firm’s shareholders did the same.

BLS International works with numerous diplomatic missions across the world to outsource and administer tasks related to visa, passport, and consular services. Additionally, the business offers attestation and apostille services on behalf of the Ministry of External Affairs in New Delhi (India). Compared to a growth in the S&P BSE Sensex of 3.3% so far in CY22, the stock price of BLS International has increased by 309% from a base of Rs95. It has increased 1,022% over the last three years, vs. a benchmark index increase of 52%.

BLS International has reported a y-o-y increase of 83.36% in its net profit in the September quarter.

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