Multibagger alert: This small-cap company from the renewable energy space delivered over 300% returns in the last two years!

Multibagger alert: This small-cap company from the renewable energy space delivered over 300% returns in the last two years!

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-09-12T12:17:30+05:30

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.35 lakh today. 

Urja Global Ltd, a small-cap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 2.90 on 15 September 2020 to Rs 12.64 on 09 September 2022, an increase of 335% in the two-year holding period. An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 4.35 lakh today. 

Meanwhile, the S&P BSE SmallCap index, of which the company is a part, surged 92% in the last two years, going from the level of 15,363.57 on 15 September 2020 to 29,528.74 on 09 September 2022. 

Urja Global Limited is one of India’s leading renewable energy developers and operators. The company is engaged in the design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid connected Solar Power Plants. 

The company is an approved Channel Partner of the Ministry of New and Renewable Energy (MNRE), Government of India. Its team comprises seasoned professionals with a proven track record in the design and integration of off-grid and grid-connected solar projects. 

The company’s product portfolio comprises Solar Home Lighting Systems, Solar Lanterns, Solar Street Lighting Systems, Roof Top Systems and Solar PV Panels. 

Looking at the last one-year period, the company’s share price climbed 105.98% on the bourses. However, on a YTD basis, the company’s share price has declined by 43%. 

Today, the scrip opened at Rs 12.60 and has touched a high and low of Rs 13.19 and Rs 12.31, respectively. So far 95,703 shares have been traded on the bourses. 

At 11.36 am, the shares of Urja Global Ltd were trading at Rs 12.80, an increase of 1.27% from the previous closing price of Rs 12.64 on BSE. The stock has a 52-week high & low of Rs 34.85 and Rs 6.10, respectively on BSE.

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Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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