This past Friday, the TPT Global Tech Inc (OTCMKTS:TPTW) stock continued its strong rally that has gone one for the past month and managed to record gains of as much as 37%. That rally on Friday took its gains over the course of the past month to as much as 320%.
While there was no fresh news about TPT Global Tech on Friday, it might be a good time for investors to take a look at a development from August to have a better idea about the rally. Back on August 11, the company announced that it was in the middle of talks with regards to a joint venture with UM Power Limited.
UM Power Limited is based out of India and the joint venture in question is related to the designing, development and the operation of a private industrial park that is going to be built in the Indian state of Uttar Pradesh.
In this context, it should be noted that a joint venture formation agreement has already been executed between the two parties. It goes without saying that it could be a major project for TPT Global Tech and the investors seem to have thought on the same lines as well.