URJA GLOBAL TESLA
Smallcap stock zooms 20% on 'Tesla' contract. Vijay Kedia busts the myth
Shares of Urja Global surged 20% after announcing an agreement with Tesla Power India for manufacturing and supplying batteries under the Tesla Power USA brand. Urja Global will be the manufacturer and supplier partner of batteries in India. The smallcap Indian company is in the renewable energy sector and is involved in the design, supply, and maintenance of off-grid and grid-connected solar power plants as well as the application and trading of solar and lead-acid batteries. The company was also directed by SEBI to obtain certification of the authenticity of corporate announcements.
Ahead of Market: 12 things that will decide stock action on Friday
Sameet Chavan of Angel One said Nifty50 has clearly over surpassed our expectations after extending the relief move beyond 17,350. “We may see Nifty50 heading towards 17,500-17600. But we reiterate, the market is not completely out of the woods yet,” he said.
