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HomeSHARE MARKETHuge Buying In This ₹4 Share; Penny Stock Hit Upper Circuit; 140%...

Huge Buying In This ₹4 Share; Penny Stock Hit Upper Circuit; 140% Bumper Return

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Penny Stock: Amid huge fluctuations in the market, there was a stormy rise in the shares of BLS Infotech, a company related to the IT sector, on Thursday. 

There was a surge in shares of the company following the December quarter’s results. The shares of investors fell of BLS Infotech on the fourth day of trading of the week.

At the end of trading, the stock hit a 5 percent upper circuit and closed at Rs 4.03. On February 15, the share had reached the level of Rs 4.69. This is the 52-week high of the stock.

Company’s Quarterly Results

BLS Infotech has released its December quarter results. The profit net of this business is 0.01 crore. No net profit/loss was recorded during the last quarter ended December 2022.

Details Of The Shareholding Pattern

Talking about the shareholding pattern of the December quarter, the promoter holds a 59.11 percent stake. Apart from this, public shareholding is 40.89 percent. 

Talking about the promoter, Sushil Kumar is Saraogi and the number of shares he holds is 1,11,14,438. This is equal to a 2.54 percent stake. Apart from this, the promoter group holds 56.57 percent shares of the company.

About The Company

This company came into existence in the year 1985. It is a private Indian company, which provides computer software facilities. 

The company is from Kolkata. Although this stock has given sluggish returns on the BSE index in one week, in 2 weeks investors got returns of more than 30 percent. 

The one-month return was also around 30 percent. Returns in the three and six-month periods were over 90 percent and 140 percent, respectively.

About BLS Infotech Ltd Company 

BLS Infotech Limited operates in the industry of pre-packaged software in India. This company takes part in delivery services related to Information Technology (IT) and IT-related services. The corporate headquarters are located in Kolkata.

The product of the company is computer software while providing computer education and training services. The company is also involved in the field of promoting skills-based education in the field of computer education for young people who can work and operates its center in Orissa, India.

They are working on WordPress, Drupal, Opencart, and Magento. They have been in the field of Mobile app and web development since 2015.

It has the technical expertise as well as knowledge of the current market scenario so that it can provide the best solution most appropriately.

Fundamental Analysis of BLS Infotech Ltd

Market Cap₹ 176 Cr.
Current Price₹ 4.03
52-wk High₹ 4.69 
52-wk Low₹ 1.32
Stock P/E8,820
Book Value₹ 0.93
Dividend0.00 %
ROCE0.02 %
ROE0.00 %
Face Value₹ 1.00
P/B Value4.33
OPM-200 %
EPS₹ 0.00
Debt₹ 0.00 Cr.
Debt to Equity0.00

BLS Infotech Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹4₹7
2025₹8₹11
2026₹12₹16
2027₹18₹25
2028₹26₹29
2029₹31₹34
2030₹37₹45
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BLS Infotech Ltd Shareholding Pattern

Promoters Holding
Dec 202259.11%
Mar 202359.11%
June 202359.11%
Sept 202359.11%
Dec 202359.11%
Public Holding
Dec 202240.89%
Mar 202340.89%
June 202340.89%
Sept 202340.89%
Dec 202340.90%

BLS Infotech Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 0.00 Cr
2020₹ 0.05 Cr
2021₹ 0.01 Cr
2022₹ 0.08 Cr
2023₹ 0.06 Cr
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Last 5 Years’ Net Profit:

2019₹ 0.00 Cr
2020₹ 0.00 Cr
2021₹ 0.00 Cr
2022₹ 0.00 Cr
2023₹ 0.02 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 years’ Return on Equity (ROE):

10 Years:0%
5 Years:0%
3 Years:0%
Last Year:0%
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Sales Growth Over 10 Years:

10 Years:-42%
5 Years:%
3 Years:17%
Current Year:200%

Conclusion

This article is a complete guide about BLS Infotech Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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