₹4 Share to Success
Amidst the tumultuous waves of the market, Thursday unveiled a spectacle in the IT sector as BLS Infotech’s shares soared to meteoric heights.
Following the unveiling of the quarterly results in December, the company’s shares embarked on a breathtaking journey of rapid ascent.
On the fourth trading day of the week, investors found themselves caught in the whirlwind of BLS Infotech’s stock surge.
As the trading session drew to a close, the shares surged to a 5% upper circuit, gracefully settling at ₹4.03. By February 12th, the share price had ascended to ₹4.69, marking a triumphant zenith in its 52-week trajectory.
BLS Infotech, in its December quarterly report, unveiled a net profit of ₹0.01 crore, a testament to its steadfast growth trajectory. Interestingly, the preceding quarter ending December 2022 had seen no record of net profit or loss.
Delving into the intricate tapestry of shareholding patterns in the December quarter, the promoters proudly wield a commanding 59.11% stake, while the public revels in the ownership of 40.89%.
Among the esteemed promoters, Sushil Kumar Sarawgi emerges as a beacon, holding a substantial 1,11,14,438 shares, emblematic of a 2.54% stake. Moreover, the esteemed promoter group cradles 56.57% of the company’s shares, symbolizing a harmonious partnership in its journey.
Born in the reverberations of 1985, BLS Infotech stands tall as a beacon of innovation, nestled in the bustling streets of Kolkata, championing the realm of computer software services.
While its shares treaded cautiously on the BSE index over a week, they transcended mere returns to offer investors an exhilarating ride, yielding over 30% returns in just a fortnight. Monthly endeavors yielded a bounty of returns hovering around 30%, while the passage of three and six months adorned investors with returns exceeding 90% and 140% respectively, a testament to the company’s unwavering trajectory toward prosperity.
