Ashish Kacholia buys 5% stake in this multibagger stock with 133% returns

With a market capitalization of ₹ 291.00 crores, DU Digital Global is a micro-cap company listed on the National Stock Exchange (NSE). Incorporated in 2007, the company is engaged in the business of Visa Processing Services to embassies of various countries. It manages the human interface between the visa applicant and the technical visa processing unit of the embassy of other countries. 

As per Trendlyne data, ace investor Ashish Kacholia has bought a 5.00% stake in the company. In other words, he bought 720,000 shares of the company and his holdings are worth ₹ 15.00 Crores as of Tuesday. 

The company’s share price increased from ₹ 89.40 to ₹ 208.00 apiece in the past year, giving multibagger returns of 132.66%. Therefore, if an investor had invested ₹ 1 lakh in the company’s shares a year ago, the value of their holdings would have been ₹ 2.32 lakhs today! 

The company’s shares gained 4.90% on Tuesday to reach an intraday high of ₹ 209.80, after it appointed Ajay Jain Kumar as an additional director (independent director) with effect from May 22, 2023, for a period of five years. He is a senior advocate having an experience of more than 30 years. 

DU Digital Global has a low return on equity of 2.91%, but an ideal debt-to-equity ratio of 0.16. Its promoters hold a 65.93% stake in the company, followed by retail investors with 17.97% and foreign institutions with a 16.10% stake. 

Written by Simran Bafna 

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.