5 stocks with Multi-Baggers Potential by the year 2022

Covid-19 The global economy is suffering from pandemic heat, yet the Indian stock market has produced several multi-bagger companies in recent years. Stocks to buy in 2022: 2021 has ended and 2022 has started. Stock market investors earned a fortune last year. The NSE Nifty gained almost 22% this calendar year, while the mid-cap index gained around 42% and the small-cap index gained around 53%. Some multi-bagger penny stocks were also included in the list of multi-bagger stocks. Stock investors expect the same return in 2022. 5 Multi-Bagger Stocks – According to Sumeet Bagadia, Executive Director at Choice Broking, these five companies might be multi-baggers in 2022.

Suzlon Energy: The stock has gained for five months and hasn't been able to fall below its July 2021 high of 9.45. Sumeet Bagadia advises initiating a long position in SUZLON at ₹10 or a price fall to ₹8 levels as a buying opportunity for the upside goal of ₹15 and ₹20, while support is put at about ₹6 levels as a stop loss on a closing basis.

MMTC: The stock has created a Bullish Flag Pattern on the monthly chart, indicating additional strength. The support is situated around approximately 35 levels, which might be viewed as a stop loss on a closing basis, adds Sumeet Bagadia of Choice Broking.

IFCI: IFCI has broken out of a six-month consolidation pattern and climbed over the June 2021 high of 16.4. For the upward goal of 25 to 30, the support is situated at about 11 levels, which might be regarded as a stop loss on a closing basis, according to Choice Broking specialists.

Subex: On a monthly chart, the stock broke out of the accumulation phase and hit 74.40, but then profited and fell to 41.15. “One may open a long position in SUBEX at CMP of 54 or a decrease in price to 50 levels can be exploited as a purchasing opportunity for the upside goal of 70 to 80,” said Sumeet Bagadia. He believes the stock will quadruple this year due to the positive post-Covid business outlook for IT businesses.

Vodafone Idea: This indicates a strong stock. It has also been above the 100 and 50 Day Exponential Moving Averages (DEMA), indicating a temporary uptrend. “One may begin a long position in Vodafone Idea at CMP of 14 or a decrease in the price to 13 levels can be exploited as a purchasing opportunity for the upside objective of 20 to 25,” says Sumeet Bagadia. The rollout of Made in India 5G in 2022 is projected to boost a surge in telecom equities, he added..

Disclaimer: The views and recommendations made above are those of individual analysts or broker companies, and not of IPO INFO.

Bikaji Foods International Limited IPO

Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands . The company's product range includes six principal categories: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range and cookies. In the six months that ended June 30, 2022, the company sold more than 300 products under the Bikaji brand. The company was the largest manufacturer of Bikaneri bhujia with an annual production of 29,380 tonnes, and we were the second largest manufacturer of handmade papad with an annual production capacity of 9,000 tonnes in Fiscal 2022. The company has an international footprint, selling Indian snacks and sweets, and is among the fastest-growing companies in the Indian organized snacks market. The company has over the years established market leadership in the core states of Rajasthan, Assam and Bihar with an extensive reach. It ha...

PNB Housing Finance gains as its board of directors accepts a financing plan.

PNB Housing Finance stock rose 4% in morning trading on March 10; a day after the company’s board of directors approved fundraising. Source: IPOINFO “The board of directors of PNB Housing Finance accepted the proposal of fund-raising up to; an amount not exceeding Rs 2,500 crore at its meeting held on March 09, 2022,” the business said in a press release. The fundraise is subject to regulatory approvals and will be done by issuing equity shares on a right-issue basis to the company’s eligible equally shareholders as of the record date (to be notified subsequently) The exact terms in respect to the rights issue, including but not limited to the issue price; rights entitlement ratio, record date, time, and payment terms, will be determined in due course, according to the statement. PNB Housing Finance was trading at Rs 423.80 on the BSE at 10:06 a.m., up Rs 3.45, or 0.82 percent. On June 8, 2021, the stock hit a 52-week high of Rs 924; on April 19, 2021, it hit a 52-week low of Rs 350. I...

MF investors load up on equity mutual funds in March, dump bond funds

Equity mutual funds have closed the financial year 2022-2023 on a mixed note. Equity schemes of Indian mutual funds saw net inflows of Rs 28,463 crore in March 2022 compared to net inflows of Rs 19,705 crore in the previous month. The overall assets under management remained almost flat at Rs 37.56 lakh crore as on March 31, 2022, due to outflows from bond funds. Systematic investment plan (SIP) has been a preferred means for investing in mutual funds especially in equity funds for most individual investors. SIP contribution for the month of March 2022 was recorded at Rs 12,327 crore compared to Rs 11,438 crore in the previous month. The number of SIP accounts has gone up to 5.27 crore in March 2022 compared to 5.17 crore in February 2022. Index funds have seen net inflows of Rs 12,313 crore in March 2022 compared to net inflows of Rs 5,747 crore in the previous month. All open-ended equity scheme categories have seen net inflows in March 2022. A large chunk of money however c...

StockRani

Search This Blog