Ace investor Shankar Sharma picks up stake in this multibagger visa services provider; do you own it?

The stock has jumped almost 237.70 per cent year-to-date and in the last six months, it has given 94.1 per cent of returns back to its shareholders

BLS International Services is a trusted global tech-enabled services partner for governments and citizens. As per bulk deal data available on NSE, ace investor Shankar Sharma bought 11,50,000 shares of the company at an average price of Rs 275 apiece on October 14, 2022. 

BLS International Services has an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005. The company is recognized as “India’s Most Valuable Companies” by Business Today Magazine, “Best under a Billion’ company” by Forbes Asia and ranked amongst “Fortune India’s Next 500 companies”. 

The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security. The company now has an extensive network of more than 15,500 centres globally with a robust strength of over 20,000 employees and associates that provides consular, biometrics and citizen services. BLS has processed over 62 million applications till date globally. 

In just one year, the value of BLS International's shares soared 171 per cent. The stock has jumped almost 237.70 per cent year-to-date and in the last six months, it has given 94.1 per cent of returns back to its shareholders.   

On Monday, shares of BLS International closed at Rs 319.90 per share on NSE with gains of 9.86 per cent. The scrip also hit a fresh 52-week high of Rs 326.65.

Keep a close eye on this scrip for the upcoming sessions.