Multibagger Alert: Nomura Singapore just picked up a stake in this travel services company!
Following the news, the shares of the company made a fresh 52-week high on BSE at Rs 265.50 per share today.
BLS International Services is a trusted global tech-enabled services partner for governments and citizens. According to NSE bulk deal data on August 29, 2022, Nomura Singapore Ltd, a global financial services corporation, purchased 11,00,000 shares at an average price of Rs 230 a piece on August 29, 2022.
The business has already released its Q1FY23 earnings report. The company’s operational revenue increased by 52.8 per cent to Rs 272.8 crore from Rs 178.5 crore reported in Q1FY22. EBITDA increased from Rs 31.5 crore in Q1FY23. PBT rose from Rs 32.4 crore in Q1FY23. The quarter's profit after tax (PAT) was Rs 30.7 crore, up from Rs 20.3 crore during the same time of the previous financial year.
Additionally, the business purchased Zero Mass Pvt Ltd (ZMPL). BLS became SBI's largest business correspondent (BC) in India after purchasing an 88.71 per cent share in ZMPL.
Since 2005, BLS International Services Ltd (BLS International or BLS), a reputable global provider of tech-enabled services to governments & citizens, has been setting industry standards in the areas of e-governance, attestation, biometric, e-visa, and retail services. The business is listed among ‘Fortune India's Next 500 firms’, ‘India's Most Valuable Companies' by Business Today Magazine, and 'Best Under a Billion Company' by Forbes Asia.
The organisation uses technology & procedures that assure data security and work with over 46 client nations, including diplomatic missions, embassies, and consulates.
The company currently offers consular, biometrics, and citizen services through a vast network of more than 15,500 centres across the world along with a strong workforce of more than 20,000 workers & associates. Over 62 million applications have been processed by BLS so far internationally.
With operations in 66 countries, BLS International is the only-listed business in its industry.
Following the news, the shares of BLS International Services made a fresh 52-week high on BSE at Rs 265.50 per share today.
This multibagger has generated returns of 177 per cent on a YTD basis.