Hot Pursuit     17-Oct-22
BLS International soars after Shankar Sharma buys stake
BLS International Services spurted 8.21% to Rs 313.85 after ace investor Shankar Sharma bought 0.56% stake in the company via bulk deal on Friday, 14 October 2022.
As per the bulk deal data on the NSE, the market veteran bought 11.50 lakh shares, or 0.56% equity, of BLS International Services at an average price of Rs 275 per share.

As of the June quarter, Shankar Sharma did not hold any stake in the concern.

The stock had outperformed the market over the past one month, rising 10.50% compared with 1.77% decline in the Sensex.

The scrip outperformed the market in past one quarter, gaining rising 37.24% compared with 7.51% increase in the Sensex.

The scrip had also outperformed the market in past one year, climbing rising 159.36% compared with 5.72% decline in the Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 68. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 260.56, 234.40 and 182.73, respectively.

BLS International Services is a global tech-enabled services partner for governments and citizens, in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services.

The company's consolidated net profit jumped 49.88% to Rs 30.47 crore and net sales rose 52.81% to Rs 272.82 crore in Q1 June 2022 over Q1 June 2021.

Previous News
  BLS International Services fixes record date for interim dividend
 ( Market Beat - Reports 12-Feb-24   18:59 )
  BLS Intl subsidiary acquires additional shares of Zero Mass
 ( Hot Pursuit - 16-Mar-23   14:20 )
  Volumes soar at BLS International Services Ltd counter
 ( Hot Pursuit - 12-Jun-24   11:00 )
  BLS International Services consolidated net profit rises 79.66% in the December 2022 quarter
 ( Results - Announcements 07-Feb-23   07:34 )
  BLS International Services announces incorporation of step down subsidiary in Saudi Arabia
 ( Corporate News - 21-Aug-23   19:08 )
  Lloyds Engineering Works Ltd leads gainers in 'A' group
 ( Hot Pursuit - 31-Jul-23   12:00 )
  BLS International Services to hold board meeting
 ( Corporate News - 04-May-23   11:37 )
  BLS International secured contract from Directorate of Registration and Stamp Revenue, Govt. of West Bengal
 ( Corporate News - 23-Jun-22   10:35 )
  BLS International Services consolidated net profit declines 16.98% in the March 2019 quarter
 ( Results - Announcements 28-May-19   16:34 )
  BLS International Services fixes record date for bonus issue
 ( Market Beat - Reports 29-Nov-22   18:49 )
  BLS E-Services acquires additional stake in Zero Mass
 ( Corporate News - 15-Mar-23   19:21 )
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