Multibagger Stock: This small-cap share grew 110% in 6 months; hits life high as company announces Record Date for Bonus issue – Check details

Multibagger Stock, BLS International share: This small-cap multibagger stock – BLS International Services hit a new lifetime of Rs 389.20 apiece, after surging by over 4 per cent on the BSE intraday on Thursday. The travel-related stock in the last two sessions jumped 12 per cent, after the company announced Record Date for bonus issue.

BLS International has fixed, Saturday, December 10, 2022, as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company in the proportion of 1:1 i.e. one bonus equity share for every one existing share, the company said in its exchange filing on November 29, 2022.

This is the second bonus issue announced by BLS International in the current calendar year 2022 (CY22). Earlier on April 13, 2022, the board of the company in the extraordinary general meeting on May 09, 2022, had approved the issue of bonus equity shares in the ratio of 1:1.

The counter has registered a multibagger returns in the last six months as it doubled or grew over 110 per cent against a 14 per cent rise in the S&P BSE Sensex. While the scrip zoomed over 4 times or 313 per cent in the last one year as against a 10 per cent rise in the benchmark index.

Meanwhile, the foreign portfolio investors (FPIs), during the July-September quarter, increased their stake in BLS International by 235 bps to 6.67 per cent. they held a 4.32 per cent stake in the company at the end of the June quarter, as per the shareholding pattern data.

BLS International Services Limited is an Indian outsourcing service provider for government and diplomatic missions worldwide. The travel-related company also provides services related to attestation and apostille on behalf of the Ministry of External Affairs.

What is Record Date?

The record date is the cut-off date of any corporate action established by a company in order to determine which shareholders are eligible to receive dividend/bonus shares.

What is Bonus Issue?

A bonus issue, also known as a scrip issue or a capitalization issue, is an offer of free additional shares to existing shareholders.