BLS International signs contract with the Embassy of Poland in Manila for VISA outsourcing services

BLS International Services Ltd. is a mid-cap company with a market capitalisation of Rs. 6,203 crore.

BLS International Services Ltd. has entered into an agreement with the Polish Embassy in Manila to offer outsourcing visa services. The company will be processing 20,000 applications yearly and setting up offices in Manila and Cebu as part of this deal.

Mr. Shikhar Aggarwal, Joint Managing Director, of BLS International, said, "We are especially excited about signing this contract with the Polish government as it commences our association with them and we are very positive about participating in their upcoming tenders worldwide. Additionally, the rising demand for last-minute getaways, combined with the ease of travel, will make it a win-win situation for all."

BLS International Services Ltd. is a mid-cap company with a market capitalisation of Rs. 6,203 crore. It operates in the travel services industry and offers visa consulting services through its online visa application centre in India.

The company now offers consular, biometrics, and citizen services through a vast network of more than 27,000 facilities across the world with a strong strength of over 20,000 employees and associates. Almost 62 million applications have been handled by BLS so far internationally. The business is listed among "Fortune India's Next 500 companies," "India's Most Valuable Companies" by Business Today Magazine, and "Best Under a Billion' Company" by Forbes Asia.

The organisation uses technology and procedures that guarantee data security and works with over 46 client nations, including diplomatic missions, embassies, and consulates.

Technical view

Commenting on the technical outlook of the stock A R Ramachandran, Co-founder & Trainer-Tips2trades, said, “Despite strong fundamentals with excellent profit growth and low debt to equity ratio, the phenomenal uptrend since last year has made BLS international overvalued and hence the recent price correction looks justified. Technically, another Daily close below 154 could lead to targets of 145-131 in the near term. Strong resistance will be at 157."