Urja Global is a penny stock that has generated a significant amount of wealth for its investors in a very short period of time. Urja global was first recommended as a penny stock in an article on Renewable Energy stocks and has gone up from less than Rs. 1 to Rs.11.
Although some correction has taken place and it/s still a risky bet because it’s a penny stock and such small companies are the first ones to collapse in case of a market correction but it’s still a worthy buy because of the following reasons:
The company is an approved channel partner of Ministry of New and Renewable Energy (MNRE), Government of India and makes or installs solar products such as Solar Home Lighting Systems, Solar Lanterns, Solar Street Lighting Systems, Roof Top Systems and Solar PV Panels.
With India betting heavily on solar, the price of such penny stocks in renewable energy space is set to rise further.
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