Ashish Kacholia’s portfolio multibagger penny stock under Rs 50: This micro-cap company secures pivotal visa processing contract with the Royal Thai Embassy!

The stock gave multibagger returns of 1,460 per cent over the span of 3 years.

DU Digital Global Limited, a distinguished global service provider, announces with immense pride its latest triumph: the acquisition of the coveted visa processing contract from the Royal Thai Embassy in New Delhi. Effective from 01 October 2023, the company will undertake the pivotal role of managing and submitting visa applications for aspiring travellers.

With an expansive international presence, DU Digital Global is at the forefront of administrative and non-judgmental tasks, expertly handling matters related to visa, passport, identity management, and other crucial citizen services. Its mastery in these domains has earned the trust of governments globally, cementing its reputation for delivering streamlined processes, impeccable security, and unparalleled service quality.

Earlier, the company approved a rights issue of 1.16 crore new equity shares at a price of Rs 26.50 per share. Eligible shareholders will receive one new share for every five shares held on the record date of September 22, 2023. The issue opens now and closes on October 14, 2023.

The company ex-traded bonus share issue in the ratio of 3:1 i.e., 3 new shares for every 1 existing share. The ex-date for the bonus shares was Friday, June 02, 2023.

DU Digital Technology Limited is engaged in managing the human interface between the visa applicant and the technical visa processing unit of the embassy of other countries.

Talking about the financials, the company has a market cap of Rs 333 crore and reported positive numbers in its half-yearly results and annual results. The stock has a 52-week high of Rs 77.6 and a 52-week low of Rs 27.50. The stock falls under the SME segment with a lot size of 2,000 shares.

As of June 2023, Ashish Kacholia owns 7,20,000 shares or 4.96 per cent stake in the company aggregating to Rs 3,44,88,000 (as of Friday’s closing price).

On Friday, shares of DU Digital Technology Limited hit a 5 per cent upper circuit to Rs 47.75 per share from its previous closing of Rs 45.50. The stock gave multibagger returns of 1,460 per cent over the span of 3 years. Investors should keep an eye on this SME stock.

Disclaimer: The article is for informational purposes only and not investment advice.