Can Urja Global be a multibagger penny stock?

[siddharth]

Urja Global is presently quoting at only Rs 1.65. The risk:reward appears to be very attractive for the stock.

The stock has been consolidating nicely for a long time.

It is rising up slow and steadily, after making a strong base, which is a very good sign.

The technical charts are also looking good.

If the stock goes to Rs. 4, which is expected soon, it will give multibagger gains to investors.

The company has to take steps to improve the Generation Business to Electricity. There are very few Companies in this line of business.

Urja Global Limited is in one of India’s leading Non Renewable and Renewable Energy developers and operators.

It is engaged in design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid connected Solar Power Plants.

It is also the approved Channel Partners of Ministry of New and Renewable Energy (MNRE), Govt. of India.

The promoters of Urja Global have more than two decades of experience.

So, execution may not be problem for Urja Global.

All in all, the risk reward is favourable because our loss is limited but the gains from the multibagger penny stock can be huge

Disc: Invested from lower levels

[RKD]

Excellent pick. I am also invested in Urja Global. I think the stock will fly once the Corona Virus problem is solved and the Chinese economy becomes normal.

I have a target of Rs 10 for Urja over the next 18 to 24 months.

[RKD]

Urja Global is quite strong today. It is up 3+% even though the entire market is down.

[siddharth]

HUGE DEMAND FOR SOLAR STREET LIGHTING MARKET BY 2020- 2027 WITH KEY PLAYERS LIKE URJA GLOBAL

Urja Global is doing very well, notching up steady gains.

It is a low-risk high-reward penny stock.

According to a report, the Solar Street Lighting Market is expected to witness high growth.

The solar street light is broadly being used for outdoor street lighting as their key source of energy in solar power. With no necessity on conventional sources of energy, these lighting mediums operated on standalone mode, eradicating the necessity of a general grid of any power requirements. The standalone solar photovoltaic street lighting system involves re-chargeable lead acid battery for storage, PV (photovoltaic) modules for charging the battery, light-emitting diodes (LED), light source (compact fluorescent lamps), appropriate electronics for the operation, mechanical hardware for fixing subsystems and safe charging and discharging of the battery.

Urja Global is named as a key player and will be a big beneficiary of the boom in demand for solar panels.

[Shivarama Karkala]

Urja Global has withdrawn agreement with Nippon Shinyaku Co. Ltd, Japan for supply of product i.e. Zacobite for the five years, to avoid any further misunderstanding between the stakeholders and the company.

What is the impact of this? Could not find any information on the website of Urja Global.

[Sunil Lalwani]

Urja global has already been a glorious multibagger stock. It is continuously trading in the upper circuits. The stock also has good momentum in the NSE and BSE stock exchanges.

The company has business in the Non Renewable and Renewable Energy sector. It is engaged in design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid connected Solar Power Plants. It is also the approved Channel Partners of Ministry of New and Renewable Energy (MNRE), Govt. of India.

Presently, Urja Global The company is working on 5 Solar Projects located at Haryana, Gujarat, Rajasthan, Andhra Pradesh and Govt Policies.

The list of products made by the company are as follows:

· URJA RATH

· URJA SOLAR INVERTER

· URJA E-RICKSHAW BATTERY

· URJA INVERTER BATTERY

· URJA SOLAR MOBILE CHARGE

· URJA SOLAR CHARGE CONTROLLER

· URJA LED BULB

· URJA SOLAR BATTERY

· URJA SOLAR POWER PACK SYSTEM

· URJA SOLAR LANTERN

· URJA SOLAR MINI HOME LIGHT

· URJA SOLAR WATER HEATER

· URJA SOLAR ROOF TOP SYSTEM

The sales and profits have been increasing in a steady manner and the company is almost Debt free.

The prospects looks good. Long-term investors can buy the stock on dips and hold for the long-term.

Disclosure: Invested.