Multibagger stock under Rs 15: This micro-cap company enters into an agreement with Tesla Power India!

Multibagger stock under Rs 15: This micro-cap company enters into an agreement with Tesla Power India!

Siddharth Mane
/ Categories: Trending, Mindshare

The company has given stellar returns of 207 per cent over the past 3 years and excellent returns of 173 per cent over the past 5 years.

Urja Global Ltd is a prominent player in the renewable energy sector. The company specialises in the development and operation of solar power plants, both off-grid and grid-connected, as well as decentralized solar applications. In addition, Urja Global is involved in the trading of solar products and lead-acid batteries. It holds the esteemed status of being an approved channel partner of the Ministry of New and Renewable Energy (MNRE), under the Government of India. 

Urja Global entered into an agreement with Tesla Power India Private Limited. The objective of this agreement is to manufacture and supply a range of batteries under the esteemed TESLA POWER USA brand. As part of this collaboration, Urja Global Limited will serve as the manufacturer and supplier partner for batteries in India. Furthermore, Urja Global will leverage the "Tesla Service Centers" to promote their EV battery service needs specifically for E-2 wheeler batteries.

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The company has given stellar returns of 207 per cent over the past 3 years and excellent returns of 173 per cent over the past 5 years. Additionally, the company has a profit growth of 30 per cent (CAGR) over the past 5 years. 

On Friday shares of the company surged significantly by 20 per cent and hit their upper circuit at Rs 10.62. 

Investors should keep a close eye on this trending stock.

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