Nomura gets shares in smallcap multibagger stock

sure Nomura has obtained shares which provide consular services related to visas and passports. Multibagger stock has delivered an astounding 220% return last year and 451% over the past three years.

Nomura Singapore Ltd bought 12.5 lakh shares of BLS International at Rs 214 per share, NSE mass trading data showed.

Earlier this month, BLS announced that it had been authorized by the Royal Thai Embassy to provide visa services in Kenya.

The company works with more than 46 client governments, including embassies, diplomatic missions and consulates, with an extensive network of more than 27,000 centers and the strength of more than 20,000 employees and communities. the provision of consular, biometric and citizenship services. To date, it has handled more than 62 million applications globally.

BLS International is the only listed company in this sector, with operations in 66 countries.

The small-cap stock, with a market capitalization of Rs 4,300 crore, was up 1.25% at Rs 211 on Monday. It is currently hovering near a 52-week high. Only one analyst reported on the stock with a hold rating and price target of Rs 185, signaling a downside potential of 13.7%.

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