shankar sharma portfolio: BLS International rallies 9% after Shankar Sharma picks stake

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New Delhi: Shares of BLS International surged as much as 9 per cent during the early trading hours on Monday after ace investor Shankar Sharma picked a stake in the company.

The seasoned investor bought shares of the travelling and visa service provider on Friday, according to the bulk deal data provided by National Stock Exchange (NSE).

Sharma picked up 11.5 lakh equity shares at an average price of Rs 275 apiece, the data suggests. His stake in the company is valued at about Rs 31.63 crore.

Following the development, shares of BLS International surged as much as 9 per cent to Rs 315.25 on Monday, before trading at Rs 313.25 at 10.10 am. The scrip had settled at Rs 290.05 on Friday on BSE.

Sharma’s name was not there in the key shareholder’s list as of June 30, 2022. The company is yet to announce its latest shareholding for the period ended September 30, 2022.

The New Delhi-based company has an online visa application centre in India and provides visa consultancy services for individuals, students and families, among others.

Nomura Singapore has been investing in the company lately. The global financial firm holds a significant stake in the company, according to the bulk deal data reported earlier.

Shares of BLS International have delivered multibagger returns to investors, rising more than 230 per cent on a year-to-date basis, whereas the stock is up 90 per cent in the last six months.

According to Trendlyne data, Shankar Sharma publicly holds seven stocks with a net worth of over Rs 117.1 crore as per the latest corporate shareholdings filed.

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