Top Stocks to Buy with Anil Singhvi: BLS International share was the blue-eyed boy of the stock market before the lockdown period. The growth has been consistent over a five-year period. In today’s edition of Budget 2021 stocks, Zee Business will tell viewers why this will prove to be a top pick for investors till the budget day and even after it. Senior Research Analyst Varun Dubey tells Managing Editor Anil Singhvi why this stock is poised for high growth.
BLS International grew at CAGR between 12 and 15 per cent over the last five years. As the lockdown was declared, the company took a hit as the businesses were hit. This is again coming on the radar as it is value pick. The turnaround story will begin from Q4 of the FY21.
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BLS International Stock Valuations
BLS International is the biggest visa processing company in the country. Its global ranking is also at 3rd or 4th position, Dubey said. It has business operation in over 62 countries. There are 36 governments with which this company does visa or passport processing business and counselling business. BLS International is a niche player as not every company gets orders from the government. The entry barrier is huge in this segment. BLS International has recently bagged orders from various countries including US and Canada.
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विदेश जाएं या इस शेयर में पैसे लगाएं…
BLS इंटरनेशनल में होगी दमदार कमाई
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The biggest trigger is the turnaround being seen in tourism sectors, which will benefit the company. BLS International is a debt free company with Rs 240 cr of free cash. The company has an asset light model. The valuations of this stock are quite reasonable. The stock used to trade at a PE multiple of 30-50 and I now trading at half, he further said.
BLS International stock was currently trading around Rs 113 on the NSE and was up by almost 19 per cent at 1:30 pm.
Anil Singhvi’s View on BLS International
The Market Guru called BLS International an excellent stock. Everything that an investor looks in a stock for investment is there in BLS International. He said that the valuations are attractive. He said that it is a cash rich company with no debts. Another confidence booster is that BLS International promoters are increasing state in this. The biggest plus is that the growth outlook is very strong.