Nuvama Sees 66% Upside in BLS International Services Amid Q1 Growth
BLS International Services Limited, a company that provides visa and consular services, has seen its share price trend remain volatile amidst weak market sentiments. The stock has gained 2.64% in a week and 10.68% in a month.
In the first quarter of FY27, the company posted consolidated revenue of ₹891 crore, marking a 25.3% year-on-year (YoY) increase. Profit after tax (PAT) rose 11.4% YoY to ₹201.6 crore in the quarter, compared with ₹181 crore in Q1 FY26.
Nuvama Institutional Equities has given a 'buy' rating to the BLS International Services stock, with a target price of ₹431 apiece, seeing an upside potential up to 66%. The brokerage firm attributed the company's performance to operating leverage, a favourable business mix, and continued efforts to improve process efficiency.