Multibagger Penny Stocks For 2023

Contents

Which stock will be multibagger in 2023?

Best multibagger stocks in India (2023)

Name Sub-Sector 5Y CAGR (%)
Adani Enterprises Ltd Commodities Trading 81.18
Tube Investments of India Ltd Cycles 67.40
Adani Power Ltd Power Generation 64.29
Fertilisers And Chemicals Travancore Ltd Fertilisers & Agro Chemicals 60.22

What penny stocks to buy in 2023?

Compare the best penny stocks

Company (ticker) Sector Market cap
Canaan (CAN) Technology $530 million
VAALCO Energy (EGY) Energy $467 million
Ardelyx (ARDX) Health care $749 million
Savara (SVRA) Health care $371 million

Which stock will boom in 2023?

Performance of the top 5 stocks of 2023

Stock Symbol Market Price Rs 1-year Returns (%)
NTPC 177.90 24.38
HINDUNILVR 2,535.00 22.04
LT 2,169.00 21.23
EICHERMOT 3,000.05 21.08

Which stock can be multibagger in 2025?

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What are the top 10 shares to buy 2023?

Best Stocks to Buy in India for Long Term in 2023

S.No. Long Term Stocks India Industry
1. Reliance Industries Multinational Conglomerate
2. Tata Consultancy Services (TCS) Information Technology
3. Infosys Information Technology
4. HDFC Bank Banking

What are the top 5 penny stocks right now?

Penny Stocks To Buy Today

Company Name LTP Market Cap (in Cr)
Kanani Industries 7.5 74.7
Dynamic Cables Ltd 464.15 1021.78
Hilton Metal Forging 159.3 334.53
Alok Industries 14.85 7373.38

Which stock is future multibagger?

Future Multi Bagger Stocks In 10 Year

S.No. Name CMP Rs.
2. Advani Hotels. 90.35
3. M K Exim India 92.03
4. TGV Sraac 94.59
5. Man Infra 121.90

Which penny stock is best to buy?

Best Penny Shares To Buy

SL No. Stock Name Market Cap (₹ Crores)
1 Vodafone Idea Ltd 37,726.76
2 Suzlon Energy Ltd 15,422.32
3 Reliance Power Ltd 5,602.81
4 Alok Industries Ltd 8,887.78
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Will stocks rise again in 2023?

Stock Market Performance In 2023 U.S. stock market gains in the first half of 2023 have been rosier than some entire years in the past. This alone raises the risk for a spill in prices. The S&P 500’s rise in 2023 reached almost 16% in mid-June.

Can Trident become multibagger?

Trident Ltd, which has a market capitalisation of about Rs 17,000 crore, manufactures textiles, paper, yarn, and chemicals. The company products include towels, printing paper from wheat straw, weaving and hosiery yarns, and sulphuric acid. The company derives most of its revenue from exports. – ET CONTRIBUTORS Shares of Trident Ltd have returned as much as nearly 3,600% in the past ten years. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly 4 lakh, according to an analysis by ET Markets,

  • In the last five years, the shares have surged 326% and jumped nearly 665% in the last three years.
  • Trident Ltd, which has a market capitalisation of about Rs 17,000 crore, manufactures textiles, paper, yarn, and chemicals.
  • The company products include towels, printing paper from wheat straw, weaving and hosiery yarns, and sulphuric acid.

The company derives most of its revenue from exports. According to the shareholding pattern available with the exchanges, the company is majority owned by promoters at 73.19%, while public shareholders own the rest 25.56%. Among the public shareholders, mutual funds and foreign investors don’t own a significant stake, while retail investors have about 18% in the company.

The company has an EPS of 0.83 on a trailing twelve month (TTM) basis. The stock is currently trading at a PB of 4.56. Over the last 10 years, Trident’s revenue rose from just Rs 3,868 crore in FY14 to Rs 6,332 crore in FY23. Meanwhile, net profit more than doubled during the same period to Rs 441 crore.

For the fourth quarter ended March 2023, the company clocked a profit of Rs 116 crore, down nearly 50% from a year ago. Revenue from operations stood at Rs 1562 crore in the said quarter. Technical outlook – What should investors do? Analysts advised risky investors to consider buying the stock only above Rs 35 levels.

“If the stock trades above Rs 35, then, it can reach up to Rs 50 levels. In that situation keep a stop loss of 32. Also if any move below Rs 32, the price can fall upto Rs 24,” said Vaibhav Kaushik, Research Analyst, GCL Broking. “The counter is currently forming the right shoulder of an inverse head and shoulders formation, with the neckline resistance at Rs 36.

If the price manages to break above this neckline resistance, it is expected to reach levels around Rs 40 in the near term. A cluster of moving averages has formed a base around the Rs 32.50 level,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart.

  • With data inputs from Ritesh Presswala (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
  • These do not represent the views of Economic Times) (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets,
  • Also, ETMarkets.com is now on Telegram.
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Which are the best 2 penny stocks?

Penny stock below 2 rs

S.No. Name CMP Rs.
1. Abhinav Leasing 1.45
2. Tatia Global 1.60
3. Alstone Textiles 0.68
4. G-Tech Info. 1.34

Is Yes Bank a multibagger?

Yes Bank is a multibagger, can grow at double the industry rate: Parag Jariwala, Religare Capital

Markets Alerts Futures and Options Mutual Funds Research Reports Screeners Superstars Portfolio Watchlist Results Dashboard More

: Yes Bank is a multibagger, can grow at double the industry rate: Parag Jariwala, Religare Capital

Which stock will give bonus share in 2023 in India?

Bonus

COMPANY Bonus Ratio DATE
Bhansali Eng 1:2 05-07-2023
Kansai Nerolac 1:2 04-07-2023
DDEVPLASTIK 1:10 30-06-2023
Indiamart Inter 1:1 21-06-2023

Which penny stock gives highest return?

Penny Stocks with Good Returns

S.No. Name CMP Rs.
1. Man Infra 121.90
2. Volt.Transform. 4468.85
3. Shivalik Bimetal 713.95
4. Share India Sec. 1198.55

Which share is best below 1 rs?

Below one rupee stocks

S.No. Name CMP Rs.
1. Alstone Textiles 0.68
2. Kretto Syscon 0.51
3. Seven Hill Inds. 0.49
4. Virtual Global 0.81

Which is the best multibagger penny stock?

Penny stock – multibagger

S.No. Name CMP Rs.
1. Milestone Global 14.06
2. Jattashankar Ind 13.02
3. Adinath Exim Res 17.10
4. Vaghani Techno 11.80
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Which is Tata penny stocks?

FAQ: Tata Penny Stocks List –

Ans: Following are the Penny Stocks Of Tata Group

TTML ASAL (automotive stamping &assemblies ltd) Artson Engineering Ltd Tata Power Tata coffee Tayo Rolls

Ans: Some Of The Best Penny Stocks To Buy In India Right Now Are

Suzlon Energy Ltd. South Indian Bank. Reliance Power. Vodafone Idea. Bank of Maharashtra.

Ans: There are some of the most popular trading Platforms for Buying TATA Penny Stocks. Some of Them Are Following

Zerodha Upstox Angel One Sharekhan Groww App 5paisa App

Tata Penny Stocks List 2023 : Check Complete List With Price

Which stock is future multibagger?

Future Multi Bagger Stocks In 10 Year

S.No. Name CMP Rs.
2. Advani Hotels. 90.35
3. M K Exim India 92.03
4. TGV Sraac 94.59
5. Man Infra 121.90

What new stocks are coming out in 2023?

94 IPOs

IPO Date Symbol Company Name
Jul 21, 2023 TSBX Turnstone Biologics Corp.
Jul 19, 2023 ODD ODDITY Tech Ltd.
Jul 14, 2023 APGE Apogee Therapeutics, Inc.
Jul 14, 2023 NETD Nabors Energy Transition Corp. II

Will stocks rise again in 2023?

Stock Market Performance In 2023 U.S. stock market gains in the first half of 2023 have been rosier than some entire years in the past. This alone raises the risk for a spill in prices. The S&P 500’s rise in 2023 reached almost 16% in mid-June.