Ashish Kacholia’s portfolio multibagger penny stock hit a fresh 52-week high as the company signs MoU with Cosmos Group – know more here!
The stock gave multibagger returns of 180 per cent from its 52-week low of Rs 28.03 per share and gave a whopping 2,500 per cent in 3 years.
DuDigital Global Limited inform you that the company has entered a Memorandum of Understanding (MOU) with Cosmos Group distinguished multisector conglomerate for the purpose of expanding company reach and offering innovative solutions in the visa processing industry, The momentous occasion took place at Cosmos Center in the capital city of Dhaka, Bangladesh.
The signing of the MoU exemplified the shared commitment of DuDigital Global Ltd and Cosmos Group to foster collaboration, innovation, and excellence. Both entities expressed confidence in the strategic alliance's potential to unlock new opportunities and deliver superior services to their clientele.
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.
On Friday, shares of DuDigital Global Limited gained 4.65 per cent and made a fresh 52-week high of Rs 78.80 per share from its previous closing of Rs 75.30. The stock gave multibagger returns of 180 per cent from its 52-week low of Rs 28.03 per share and gave a whopping 2,500 per cent in 3 years.
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In the current financial year, the company issued bonus shares in the ratio of 3:1, meaning that for every 1 existing share, shareholders received 3 new shares. The ex-date for the bonus shares was Friday, June 02, 2023.
DU Digital Global Limited is a well-established company with a strong track record of profitability. The company is well-positioned for growth in the future, as the demand for its services is expected to increase. The company has a market cap of Rs 538 crore and reported positive numbers in its half-yearly results (H1FY24) and annual results (FY23).
Ace Investor, Ashish Kacholia has increased his stake in DU Digital Global Limited to 9.15 per cent by purchasing an additional 4.19 per cent stake in October 2023. This is a significant development for the company, as it demonstrates that a well-respected investor is confident in its future prospects.
Disclaimer: The article is for informational purposes only and not investment advice.
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