BLS INTERNATIONAL SHARE
Patanjali Foods tumbles 4% after over 1 crore shares change hands via block deal
Patanjali Foods Share Price: Shares of Patanjali Foods fell by 4% on the BSE today, hitting a day’s low of Rs 1,855.10. The drop followed a block deal involving 1.2 crore shares, or 3.3% of the company’s equity, valued at Rs 2,223.4 crore. The floor price for the deal was set at Rs 1,815, with the promoters likely being the sellers.
Stocks in news: IRCTC, Patanjali Foods, SBI Cards, BLS International, Tata Power
Domestic markets hit a new high, gaining nearly two percent. Key stocks in focus include IRCTC, Patanjali Foods, SBI Cards, BLS International, and Tata Power due to various developments. LIC increased its stake in IRCTC to 9.3%, while SBI Cards plans to raise Rs 5,000 crore. BPCL approved two joint ventures for energy transition initiatives.
Daily Trading Desk: Short term trades: Specialty chemical & service sector stocks for up to 7% swing
The weekly options expiry concluded quietly with markets remaining range-bound and ending slightly negative. More stocks are breaking short term barriers and getting into the buying mode. SRF Ltd shows strong accumulation and is poised for a breakout, while BLS International Services has broken out from resistance, indicating potential upward movement. Both stocks exhibit bullish technical indicators.
Ircon International among 13 stocks to trade ex-dividend on Thursday. Last date to buy for eligibility
State-owned Ircon International and 12 other companies are in focus today as they have set September 5 as the record date for determining shareholders eligible for dividend payments. Ircon International announced a final dividend of Rs 1.30 per share for the financial year 2023-24, with payments starting from September 27.
Ircon, Deepak Fertilisers among 98 stocks with dividend, bonus, split, rights issue next week. Do you own any?
Ircon International, Deepak Fertilisers, and Sapphire Foods are among the companies set to be in focus next week as they reach record dates for dividends, bonus issues, rights issues, and stock splits. Record dates determine eligible shareholders for these offers, ensuring shares are in demat accounts by the stipulated time.
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International
Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
BLS E-Services to acquire controlling stake in Aadifidelis Solution
BLS International's subsidiary BLSE is acquiring 55% stake in Aadifidelis Solutions for about Rs 190 crore, with an upfront investment of Rs 71 crore in an all-cash deal. The acquisition aims to integrate specialized loan processing and distribution services into BLSE's portfolio.
ETMarkets Management Talk: BLS E-Services doubles post listing in February; Shikhar Aggarwal discusses future plans
Shikhar Aggarwal, Chairman of BLS E-Services, discusses the company's financial performance, expansion plans, market share, savings accounts, employment opportunities, and its role in bridging the digital gap. BLS E-Services aims for organic and inorganic growth, targeting consolidation in a space with many small players.
BLS E-Services offers a wide eGov range, IPO pricing’s high
The total promoter group’s stake will fall to around 69% after the IPO from 92.3%. The company offers a diverse set of services to banks and citizen-centric services. It has shown a sharp improvement in financials over the past three years. However, its valuation seems to be rich. Given these factors, long-term investors with high risk appetite may consider the IPO.
BLS E-Services IPO: GMP indicates robust demand ahead of issue opening on Tuesday
BLS E-Services GMP is around Rs 145, 107% higher than the issue price of Rs 135. The issue is being made public through the book-building process, where 75% of the offer is reserved for qualified institutional buyers, 10% for retail investors and 15% for non-institutional investors.
BLS-E Services IPO: Price bank, IPO size, GMP among 10 key things to know about the public offer
BLS-E Services, a subsidiary of BLS International, is conducting an IPO with a price band of Rs 129-135 per share. The IPO is a fresh equity sale of 2.3 crore shares. The company's income in FY23 increased 151% YoY to Rs 246 crore, with a profit of Rs 20.33 crore. The IPO aims to strengthen technology infrastructure, fund organic growth, achieve inorganic growth, and for general corporate purposes. The IPO is reserved 75% for QIBs, 10% for retail investors, and 15% for non-institutional investors.
IPO Calendar: 6 new issues, 10 listings to drive primary market action next week
Currently, there are 25 draft offer documents, filed by various companies, under process with the market regulator Sebi. Nearly 30 companies have already received a green signal from the regulator, aimed at raising over Rs 30,000 crore. Meanwhile, about 40 other companies have submitted their DRHPs for approval.
BLS E-Services IPO to open on January 30. Check price band, issue size and other details
BLS E-Services IPO comprises a fresh equity issue of 2.3 crore shares. The company plans to raise around Rs 311 crore via the initial share sale. There is no offer-for-sale segment in the public offer.
Breakout Stocks: How to trade BLS International, Bajaj Auto and Equitas SFB on Wednesday
BLS is currently trading at an all-time high of ₹317. The stock has recently experienced a robust breakout of a rounding bottom pattern, accompanied by significant trading volume, forming a strong bullish candle on the daily chart. This trend signals a positive shift in momentum for the stock
BLS International Services shares tank 8%, takes losing run to 6th day
BLS International is an Indian outsourcing service provider for government and diplomatic missions worldwide. Shares of BLS International Services are under pressure after Indian visa services in Canada were suspended amid a diplomatic dispute between the two countries.
BLS International shares fall 3% as India halts visa services for Canadians
Shares of BLS International Services dropped 3% after reports that Indian visa services in Canada have been suspended. The suspension comes amid strained relations between India and Canada following Canadian PM Justin Trudeau's allegation of Indian government involvement in the killing of a banned terrorist. The Indian Ministry of External Affairs has advised Indian citizens in Canada to exercise caution due to growing anti-India activities and hate crimes in the country. BLS International Services' stock has seen significant gains in recent years.
Breakout Stocks: How BLS International, Hindustan Copper and IRFC are looking on charts for Tuesday’s trade
Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high
Promoters cash in on rally, offload company shares
On June 30, promoters of air-conditioning generator manufacturer TD Power Systems sold 37.7 million shares for ₹835 crore. Shares of TD Power rallied 8% in the last three months and 20% in the last one year.
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