Ashish Kacholia’s portfolio multibagger penny stock to keep under radar as company secures pivotal visa processing contract with the Royal Thai Embassy in New Delhi
The stock is up 72 per cent from its 52-week low of Rs 28.03 per share and gave multibagger returns of 1,180 per cent in 3 years.
Dudigital Global Limited announced the renewal of its partnership with the Royal Thai Embassy for visa processing services in India. This partnership, which extends from October 1, 2024, to September 30, 2025, allows Dudigital Global to continue handling all Thai visa applications from India. The company will operate visa application centres under the supervision of the Royal Thai Embassy in Delhi and the Royal Thai Consulate General offices in New Delhi, Kolkata, Mumbai, and Chennai, providing convenient access to visa services for travellers across India.
The company will take on the crucial responsibility of handling and submitting visa applications for individuals seeking to travel to Thailand. With its extensive international experience and expertise in administrative services, DU Digital Global is well-positioned to deliver efficient, secure, and top-notch visa processing services. This achievement further solidifies the company's reputation as a trusted partner to governments worldwide.
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About the Company
DU Digital Global Limited is a company that manages the human interface between visa applicants and the technical visa processing unit of embassies in other countries. The company also provides other services related to visas, passports, and other citizen services. The company has a market cap of Rs 445 crore and as of March 2024, Ashish Kacholia owns a 9.15 per cent stake in the company. The stock of the company is trading at 5.73 times its book value, even though the company is reporting consistent profits but is not paying out any dividends. The company's return on equity over the last three years is low at 3.65 per cent and its earnings includes other income of Rs 1.51 crore.
On Wednesday, shares of DuDigital Global Limited plunged 0.16 per cent to Rs 63.80 per share from its previous closing of Rs 63.90. The stock is up 72 per cent from its 52-week low of Rs 28.03 per share and gave multibagger returns of 1,180 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.