Buzzing Stocks: Smallcap stock was at Rs 43 a year ago, which has now increased to Rs 139. The stock has risen more than 60 per cent so far this year.
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The government had banned travel last year due to the outbreak of the COVID-19 pandemic. Despite banning travel, the stock of a company has given bumper returns to investors. BLS International Services has given unprecedented returns to investors in the last year. It has increased the wealth of investors three times. Despite the lockdown in the countries due to the epidemic, the stock increased by more than 220 percent. In comparison, the benchmark Nifty rose 60 per cent during this period.
This smallcap stock was at a price of Rs 43 a year ago, which has now increased to Rs 139. It has increased by more than 60 percent so far this year. Rs 1 lakh invested in it a year ago would have become Rs 3 lakh 23 thousand today.
company business
BLS International Services is an online visa application center that serves individual students, families and others. It outsources service providers to government and diplomatic missions around the world. It generally partners with embassies and governments. Many countries are expected to open up and others to lift travel restrictions in the coming months. The company is expected to benefit from this.
Profit up 162 percent in the fourth quarter
The company’s profit in the March quarter increased by 162 percent to Rs 23.51 crore. The company’s profit in the same quarter last year was Rs 8.96 crore. However, sales declined by 4.42 per cent to Rs 144.56 crore in the quarter under review as against Rs 151.24 crore during the previous quarter ended March 2020.
For the full year of FY 2011, its net profit declined by 4.45 per cent to Rs 50.15 crore, as against Rs 52.43 crore in FY20. Sales also declined by 39.15 per cent to Rs 478.37 crore in FY21 from Rs 786.14 crore in FY20.
company started work
Earlier this month, the company said it has expanded to 70 locations in 32 countries including India, Spain, Brazil, Lebanon, Cyprus, Portugal and Belarus. ) The mission has resumed accepting visa applications. The company has resumed accepting visa applications for India in China, Russia, Singapore and Malaysia.
The company works with over 46 government clients globally and leverages technology and processes to ensure data security. It has a network of over 12,000 centers globally, with more than 15,000 employees and associates providing consular, biometrics and citizen services.
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