combine two images from different folders via action

let say we have two folder of images one colored and one black and white. these images are name from 1 to onward both in colored and B/W folder. I want to take images (Name: 01) from both folder place them on top of each other and add Multify then save as a Jpeg. i want to do this to 100s of images. Does anyone think its possible using script action?