Within minutes after the stock market opening bell, BLS International’s share price reached an intraday high of Rs 387 per share. The company’s share price opened today on the NSE with an upside spread at Rs 378.45 apiece. BLS International shares saw an intraday rise of around 10% compared to Monday’s close price of Rs 349.90 per share, as they climbed to this intraday high.
The firm has drawn bulls following the release of Q1FY25 earnings on Monday. In the first quarter of 2024, BLS International Limited had a great start to the year and generated a robust performance, with consolidated revenue and EBITDA increases of 28.5% and 66.3% YoY, respectively.
The Visa & Consular business, which had revenue growth of 35.9 percent YoY and EBITDA growth of 70.90% YoY in Q1FY25, was the primary cause of the rise. The company’s focused strategy to increase market share globally, along with strong industry tailwinds, have contributed to the segment’s success, according to management.
As of 1:55 pm, BLS International Services shares were trading 10.85% higher at Rs 387.85 on the NSE.
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