Small & Midcap Mantra: Shares of BLS International climb 200% in a day

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Share Trading at a firm in Kolkata on the Budget presentation day on February 01, 2017. Sensex soared by nearly 500 points with infusing Rs. 10,000 crore in public sector banks and keeping the long-term capital gains tax unchanged for the capital markets. Express photo by Partha Paul. 01.02.2017.

Small & Midcap Mantra: Shares of BLS International climb 200% in a day- BLS International Services Ltd stock price: Shares of BLS International climbed over 200 per cent last year. While the Nifty gained 60 per cent during this period. To see the data for the last one year from today, BLS has given better returns than the benchmark index. During this period, where the returns of BLS have been more than 50 percent, the Nifty has seen a rise of 13 percent and BSE Smallcap index has seen a rise of 38 percent.

The market cap of BLS International Services Limited is more than Rs 1300 crores. The 52-week highest level of the company’s shares is Rs 135. However, its shares are expected to rise up to 35 percent in the future. The company’s shares can touch the level of Rs 170-175 in the next 3 to 12 months.

BLS International is an online visa application company. It provides consultancy to students, family and all other people. This company is in good partnership with the Ministry of Foreign Affairs of countries around the world.

Sameet Chavan, Chief Analyst-Technicals, Angel Broking says, “The stock of this company had gained a lot in the last 6 months. If you look at the figures of the last one year from today, it has gained more than 50 percent. The volumes are high in every rally of the company’s shares.”

Chavan is giving a target of Rs 170-175 for the company’s shares. He said that these shares should be bought between Rs 115-105. Whereas its stop loss should be placed at Rs 81.

The company’s consolidated net profit stood at Rs 23 crore for the quarter ended March 2021. It was only Rs 14 crore in the same quarter a year ago.