Watch out for this small-cap multi-bagger stock that has announced bonus shares!
The stock has returned 220 per cent in the last 5 years, 1,073 per cent in the last 3 years and 287 per cent in the last 1 year alone.
Today, the shares of BLS International Services Ltd closed at Rs 377 apiece, up by 1 per cent. Shares also traded at a new 52-week high of Rs 389. The corporation verified that the record date for the issuance of bonus shares is December 10, 2022. The bonus shares will be issued to equity shareholders in a ratio of 1:1, which means that shareholders will receive one bonus share for each share held by the existing shareholder as of the record date.
Shareholders have received multi-bagger returns from the stock. The stock has returned 220 per cent in the last 5 years, 1,073 per cent in the last 3 years and 287 per cent in the last 1 year alone. The stock has increased by 104 per cent in the last 6 months and 48 per cent in the last 3 months. The company delivered excellent quarterly and annual financial results. Hence today BLS International Services Ltd shares saw a spurt in volume by more than 2 times on the stock exchange.
BLS International Services Limited (BLS), a subsidiary of the BLS Group, has a global presence and offers a diverse range of services. With a presence in visa, passport and citizen services in 62 countries and 36 government clients, it ranks among the top three global players in visa application outsourcing. It operates 2,325 offices worldwide to provide services.
Investors should keep an eye on this stock for the upcoming trading sessions.