BLS International shines on winning contract for Italy Visa Processing Services in Russia
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BLS International Services is currently trading at Rs. 261.25, up by 7.45 points or 2.94% from its previous closing of Rs. 253.80 on the BSE.
The scrip opened at Rs. 256.00 and has touched a high and low of Rs. 266.00 and Rs. 248.15 respectively. So far 101600 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 309.25 on 17-Sep-2021 and a 52 week low of Rs. 71.35 on 23-Nov-2020.
Last one week high and low of the scrip stood at Rs. 266.00 and Rs. 229.50 respectively. The current market cap of the company is Rs. 2672.92 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 0.75% and 24.67% respectively.
BLS International has won the contract with Embassy of Italy in Russia for visa processing for a period of 5 years in partnership. Under the contract, the company is expected to process around 1,40,000 applications every year with 20 centres across Russia.
Under this mandate, BLS will be providing Italian Visas along with several value-added services like mobile biometric, translation, prime time submission, premium lounge, doorstep service, photocopy, courier, SMS alert, photo booths, etc. for the convenience of applicants. BLS will initiate the visa processing along with promotions for tourism and investment opportunities in Italy through social platforms and events.
BLS International Services is a part of the four decadesold BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.
