BLS International share price jumps over 8% amid partnership news with Flipkart; stock up 63% in 3 months!

After trading mute since open today, the shares of BLS International Services zoomed over 8 per cent, near 52-week high levels to Rs 144.65 per share on the BSE intraday trade on Thursday on the back of partnership news with e-commerce giant Flipkart.

According to the filing to exchanges, “BLS International, a trusted global tech-enabled services partner for governments and citizens, announced that it has partnered with Flipkart to provide last-mile delivery services across the country.”

See Zee Business Live TV Streaming Below:

The stock on June 17, 2021, had hit its 52-week high to Rs 145.75 per share. It has surged over 12 per cent in the last five sessions and over 63 per cent in the last three months.

At around 01:05 pm, the scrip is trading over 3 per cent higher to Rs 137.75 apiece on the BSE as compared to a 0.5 per cent rise in the S&P BSE Sensex.

The company works with over 46 client governments including Diplomatic Missions, Embassies & Consulates and leverages technology and processes that ensure data security. 

BSL International has an extensive network of more than 12,000 centres globally with a robust strength of over 15,000 employees and associates that provides consular, biometrics, and citizen services. It has processed over 52 million applications to date globally.

In its March-end quarter of FY21, the company reported a 5 per cent decline in net profit to Rs 1.71 crore as compared to Rs 1.80 in the same period a year ago, while its revenue slumped by over 51 per cent to Rs 6.5 crore as against Rs 13.44 crore in the fourth quarter of FY20.