Penny Stock Under Rs 50: Company Has Been Granted a Registration Certificate from Government of India to Carry Out Business of Recruitment
The stock is up 63.13 per cent from its 52-week low of Rs 40 per share and gave multibagger returns of over 2,000 per cent in 3 years.
Dudigital Global Limited has secured a significant milestone in its business operations. The company has been officially granted a Registration Certificate by the Overseas Employment Division of the Ministry of External Affairs, Government of India. This certification empowers the company to engage in the recruitment and deployment of Indian workers to foreign employers. The certificate, effective from December 3, 2024, marks a pivotal moment as Dudigital Global expands its service offerings into the realm of overseas recruitment.
The acquisition of this license from the Ministry of External Affairs holds substantial importance for Dudigital Global Limited. It allows the company to enter a new business segment, providing recruitment agency services to facilitate the placement of Indian workers in foreign employment opportunities. This strategic move aligns with the company's growth objectives and strengthens its position in the global workforce market. As the certificate is valid for five years, Dudigital Global Limited is well-positioned to capitalize on the potential of this business venture and contribute to the internationalization of the Indian workforce.
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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 455 crore and as of September 2024, Ashish Kacholia owns a 9.15 per cent stake in the company. The stock of the company is trading at 5.59 times its book value, even though the company is reporting consistent profits but is not paying out any dividends.
The stock is up 63.13 per cent from its 52-week low of Rs 40 per share and gave multibagger returns of over 2,000 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.