1:1 Bonus Issue: Multibagger Small Cap Services Stock Fixes Record Date, 1-Year Return 282%

Shares of BLS International jumped over 6% in morning trade after the company fixed record date for 1:1 bonus issue. The company operates in Services sector. The stock has given mutlibagger returns to shareholders. The company has a market capitalisation of Rs 7,641 crore. Check key takeaways below:

1. BLS International Sets Record Date For 1:1 Bonus Issue

The board of directors of BLS International stated in the BSE filing, "In terms of regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Business and Finance Committee of BLS International Services Limited ("the Company") has fixed Saturday, December 10, 2022 as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1/- each subject to the approval of shareholders at the ensuing Extra-Ordinary General Meeting to be held on December 02, 2022."

Therefore, the record date is December 10, 2022. 

2. BLS International Stock Performance

The current market price of the stock in morning trade is Rs 372 apiece. The stock has gained 6.76% till 11:00 am on November 30, 2022. The stock's 52-week high is Rs 388 apiece and 52-week low is Rs 90.55 apiece, respectively.

3. BLS International Return In 5-Years

The stock has given multibagger returns to shareholders. In the last 5-years the stock has given 213% return, 899% return in last 3-years, and 283% return in last 1-year only. The stock has jumped 97% in last 6-months and 44% in last 3-months.

4. About BLS International

The company is a preferred partner for embassies and governments across the world, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, e-governance, attestation, biometric, e-visa and retail services.

It also provides citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America & Middle East. With over 17 years of experience and having established itself as a partner of choice for client governments worldwide, BLS is also recognized as 'Best under a Billion Company" by Forbes Asia and is amongst Fortune India's Next 500 companies, according to its official website.

Disclaimer

The stock gives details related to bonus share and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.