Ashish Kacholia buys fresh 5% stake in this multibagger stock that rose over 130% in past year

A small cap IT company with a market valuation of ₹300 Cr is Dudigital Global. For its client governments, DU Digital Global provides visa, passport, identity management, and other citizen services through more than 35 centres spread throughout several nations. Following the arrival of new investment by renowned investor Ashish Kacholia, the stock concluded today's trading session on the NSE up 4.00%. 

According to Trendlyne statistics, renowned investor Ashish Kacholia purchased a 5.00% stake in the company, he bought 720,000 shares of the firm in Q4, and the value of his holdings is ₹15.00 Crores. 

Apart from DU Digital Global, Ashish Kacholia has also bought fresh 133,053 shares or 1.1% stake at a value of ₹18.7 Cr in Aditya Vision, new 308,000 shares or 4.2% stake at a value of ₹14.3 Cr in Inflame Appliances, and fresh 1,228,070 shares or 5.4% stake at a value of ₹27 Cr Virtuoso Optoelectronics during the quarter ended March 2023. Ashish Kacholia publicly owns 42 stocks with a net worth of about Rs. 1,947.1 Cr., according to the most recent corporate shareholdings declared.

The shares of Dudigital Global closed today on the NSE at ₹208 apiece up by 4.00% from the previous close of ₹200. The stock price rose from ₹69.45 to the current market price during the past five years, resulting in a multibagger return of 246.67%. The stock price climbed from ₹89.40 to the current market price during the course of the past year, resulting in a multibagger return of 133.71%. 

Commenting on the stock outlook, A R Ramachandran, Co-founder & Trainer-Tips2trades said "DU Digital Technology stock price has been sideways to bearish with strong resistance at 212 on the Daily charts. Fundamentally, even though last quarter revenue growth was great, escalating costs have ensured drop in margins which doesn't augur well for the stock going ahead. A possible fall till support of 162 looks possible in the coming weeks."