BLS International share price gains after signing contract with Embassy of Italy in Russia

BLS will be providing Italian visas along with several value-added services like mobile biometric, translation, prime time submission, premium lounge, doorstep service, photocopy, courier, SMS alert, photo booths, the company said.

BLS International Services share price was up over 3 percent intraday on September 29 after the company bagged contract with Embassy of Italy in Russia.

BLS International said it has won the contract with Embassy of Italy in Russia for visa processing for a period of 5 years in partnership. Under the contract, the company is expected to process approximately 1,40,000 applications every year with 20 centres across Russia, the company said in an exchange filing.

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"BLS will be providing Italian visas along with several value-added services like mobile biometric, translation, prime time submission, premium lounge, doorstep service, photocopy, courier, SMS alert, photo booths, etc. for the convenience of applicants. BLS will initiate the visa processing along with promotions for tourism and investment opportunities in Italy through social platforms and events," it added.

The stock was trading at Rs 261.35, up Rs 7.55, or 2.97 percent. It has touched an intraday high of Rs 266.00 and an intraday low of Rs 248.15.

The scrip was trading with volumes of 101,553 shares, compared to its five day average of 71,523 shares, an increase of 41.99 percent.