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Nuvama Sees BLS International Services Soaring 66% as Q1 Results Impress

Guavy AI Editorial Team
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Nuvama Institutional Equities has given 'buy' rating to BLS International Services stock with a target price of Rs.431 apiece, seeing an upside potential up to 66%.

The brokerage firm cited BLS International's healthy start to FY27, with margin in the visa and consular services business holding ~40% despite stable application volumes.

The company posted consolidated revenue of Rs.891 crore in the first quarter of FY27, marking a 25.3 % year-on-year (YoY) increase.

BLS International attributed its performance to operating leverage and continued efforts to improve process efficiency.

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