Penny stock outperforming Suzlon: Back-to-Back upper circuit in this renewable energy multibagger stock!

An extraordinary 204.5 per cent returns over the last three months – truly earning the status of a short-term multibagger.

The Indian benchmark indices have ignited a spirited surge at the beginning of the week, mirroring the momentum witnessed by renewable energy solutions providers and stocks in recent times. The Nifty 50 index has notably surged by more than 1.5 per cent, approaching the 21,700 mark. Among the notable performers in this sector, Suzlon Energy Ltd has been a standout multibagger, delivering remarkable returns over the last year. In the past week alone, the stock has added 2.63 per cent, while over the last month, it advanced by an impressive 12.17 per cent, and over the last three months, it soared by a substantial 33.80 per cent. Despite currently hovering around Rs 43 after reaching a 52-week high of Rs 45.70 per share, Suzlon Energy has undoubtedly captivated the attention of many market participants.

However, amidst the admiration for Suzlon Energy's performance, there is an intriguing revelation that a penny stock in the Renewable Energy Developer segment is surpassing the mighty Suzlon Energy in terms of returns. This introduces the concept of opportunity cost – the benefits foregone when choosing one alternative over another.

The standout performer in this scenario is Urja Global Ltd, a stock currently locked at an upper circuit limit of 20 per cent and having recently hit a fresh 52-week high of Rs 28.53 on BSE. Urja Global has witnessed consecutive upper circuits, boasting an impressive 60.10 per cent surge in the last week, a staggering 94.35 per cent jump in the last month, and an extraordinary 204.5 per cent returns over the last three months – truly earning the status of a short-term multibagger.

Urja Global Limited positions itself as one of India's leading Renewable Energy developers and operators, engaged in the design, consultancy, integration, supply, installation, commissioning, and maintenance of off-grid and grid-connected Solar Power Plants. As approved Channel Partners of the Ministry of New and Renewable Energy (MNRE), Govt. of India, the company develops an array of solar products, including solar street lights, solar power pack systems, solar PV modules, solar inverters, solar chargers, solar water heaters, solar rooftops, solar water pumps, solar atta chakkis, and solar home lighting systems.

The question arises: will Urja Global continue to outperform Suzlon Energy, or could the tide turn in the opposite direction?

Disclaimer: The article is for informational purposes only and not investment advice