Nuvama Sees 66% Upside Potential in BLS International Services Stock
Nuvama Institutional Equities has given a 'buy' rating to BLS International Services stock, predicting an upside potential of up to 66%.
The brokerage firm cited the company's strong start to FY27, with revenue rising 25.3% year-over-year and profit after tax increasing 11.4%. The Visa & Consular Services segment contributed significantly to growth, with revenue and EBITDA rising 21.6% and 21.5%, respectively.
The Digital Services business also delivered strong results, with a 32.2% increase in revenue and a surge of 45% in EBITDA. BLS International attributed the growth to continued investments in technology platforms, talent, and digital capabilities.
Shikhar Aggarwal, Joint Managing Director, said that the company's diversified geographic footprint and strong operating model enabled it to navigate external challenges while capturing growth opportunities.