1,200 per cent multibagger returns: Small-cap company receives order worth Rs 2,055.35 crore from Unique Identification Authority of India (UIDAI)

Today, shares of BLS International Ltd surged 6.60 per cent to Rs 392.45 per share from its previous closing of Rs 368.15 per share. The stock’s 52-week high is Rs 522.30 and its 52-week low is Rs 308.65. The shares of the company saw a spurt in volume by more than 8 times.  

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BLS International Ltd has received a domestic work order from the Unique Identification Authority of India (UIDAI), a Government of India entity, to serve as a "Service Provider for Establishing and Running District Level Aadhaar Seva Kendra (ASK)". The contract, valued at approximately Rs 2,055.35 crores (inclusive of all duties and taxes), is for a period of six years. The company will be responsible for providing appointment and walk-in-based Aadhaar enrolment, update and other services at these centres across India.

BLS International Services Limited, a global leader in visa application outsourcing, is part of the BLS Group, which has a global presence and four decades of experience. The company provides a wide range of services for governments and diplomatic missions, including outsourced visa processing, document verification and attestation, biometrics, E-Visa services and passport renewal. Additionally, it offers supplementary services such as photocopying, courier and internet facilities, insurance and translation to support its core offerings.

The shares of the company have an ROE of 34 per cent and an ROCE of 34 per cent. The stock is up by 27.2 per cent from its 52-week low of Rs 308.65 per share and has given multibagger returns of over 1,200 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.