Bonus Stock To Buy: Multibagger Small Cap Stock Recommends 1:1 Bonus Issue

Multibagger small cap stock, BLS International Services Ltd has recommended 1:1 bonus issue on Monday. It implies that shareholders will get 1 bonus share for every 1 share held. The stock has given multibagger returns to investors with maximum return of 909% in last 3-years. The stock has surged 38% in just last 3 months. The company has a market capitalisation of Rs 6,961.34 crore as of writing the report.

What is bonus share?
These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares.

In order to become eligible to receive bonus share, you need to buy BLS International Services. Check key takeaways below:

1. Board Of BLS International Services Recommends 1:1 Bonus Issue

The board of directors of the company in the regulatory filing stated, "Recommended the Bonus Issue of Equity Shares in the proportion of One new Equity Share of Re 1/-each for every One existing Equity Share of Re 1/- each held by the shareholders of the Company as on the record date (to be determined)."

2. BLS International Services Stock Outlook

The current market price of BLS International is Rs 338 apiece with an intraday gain of 1.03%. The stock's 52-week high is Rs 350 apiece and 52-week low is Rs 90 apiece, respectively.

3. BLS International Services Return In 5-Years

The stock has given a 5-years return of 158%, 3-years return of 909%, and 1-year return of 194%.

BLS International Services About

The small cap company came into existence in 1983. BLS is recognized as 'Best under a Billion Company" by Forbes Asia and is amongst Fortune India's Next 500 companies.

BLS International partners with 46 client governments in the provision of outsourced visa and passport, front end and citizen, consular and passport, verification and attestation and E-Visa services. It manages administrative and non-judgmental tasks related to these services for diplomatic missions, enabling them to focus on key aspects of assessment of visa applications, according to its official website.

Disclaimer

The above stock gives details about bonus issue. 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.