Multibagger Stock Return: BLS International Services Limited (BLS International services limited) announced on Monday that the board of the company has recommended the issuance of bonus equity shares in the ratio of 1:1. Shares of BLS International closed at ₹338 on the BSE on Monday with a one per cent rise.
The company made a profit
For the quarter ended September 2022, BLS International Services Limited reported an operating revenue of ₹356.8 crore, which is 87% higher than the quarter of a year ago. Whereas, its net profit increased 85% year-on-year (YoY) to 51 crore rupees. The company has a network of 12,287 centers on a global level, with more than 15,000 employees and associates who provide consular, biometric and citizen services.
BLS International’s shares have increased by more than 200% on the BSE in a one-year period, while the multibagger stock has gained approximately 256% year-to-date in 2022 (year-to-date or YTD). In January of this year, the stock is now above ₹330 per share, from around 94 rupees.