BLS International rises 5% after Nomura picks 12.5 lakh shares of the company

Shares of BLS International Services zoomed over five per cent in early trade on Tuesday after Nomura Singapore picked up a stake in it. Nomura Singapore Ltd bought 12.5 lakh shares of BLS at Rs 214 per share, according to NSE data.

The company has delivered a fabulous return of over 220 per cent in the last year and 451 per cent in the last three years. BLS International is the only listed company which provides consular services related to visas and passports. It has operations in 66 countries.

BLS announced that it has been authorised by the Royal Thai Embassy to provide visa services in Kenya.

At 10:25 am, the stock hovered at Rs. 219 around 4.2 per cent above its previous close of Rs. 210.05.

The scrip has given a massive 3-year return of 466.71 per cent as compared to 44 per cent returns by Nifty Smallcap 100.

BLS International Services Ltd., incorporated in the year 1983, is a smallcap company with a market cap of Rs 4,480.02 crore operating in the services sector.