# Nuvama eyes 66% upside on BLS International after Q1 results

2026-08-12T23:54:39+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Brokerage Nuvama Institutional Equities has reiterated a 'buy' rating on BLS International Services with a target price of Rs 431, implying a 66% upside from current levels. The recommendation follows the company's Q1 FY27 results, where consolidated revenue grew 25.3% YoY to Rs 891 crore and net profit rose 11.4% to Rs 202 crore. The Visa and Consular Services segment saw revenue rise 21.6%, while digital services revenue jumped 32.2% YoY. Nuvama cited higher realisations, favourable contract mix and a healthy tender pipeline as reasons for the positive outlook. The stock has gained 2.64% in a week but has slipped 17% on a year-to-date basis.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/stock-to-buy-after-q1-results-2026-nuvama-sees-66-upside-in-bls-international-services-should-you-buy-11786524640476.html>

Tags: BLS International, digital services, Nuvama, Q1 results, stock recommendation, visa services
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