New Delhi: In 2021, many multibagger stocks offer incredible returns to investors. But going two months to 2022, the stock market has witnessed a slowdown as a result of which many have suffered huge losses.
So, if you are interested in making investments in penny stocks, which are risky investments, but offer profitable returns, you can invest your money in Vikas Lifecare shares, according to the market share expert.
Vikas Lifecare shares have more than doubled from the list on May 7, 2021, providing more than 100% return to early investors. However, the share price has fallen from its 52 week high of Rs 7.95 to Rs 5.25 amid weak market sentiment in secondary markets.
Some market experts, however, remain bullish on the penny market, hoping it will emerge as a multibagger market in 2022, according to a report by Mint. Example chart on a product that is said to be strong.
Experts are now predicting that the product is likely to witness a major jump as soon as second market witnesses witness a change in the trend. The trend may have started on February 23, as the market jumped 5% from the previous estimate of Rs 5 to Rs 5.25.
However, experts predict that by the end of 2022, the penny stock price could jump up to Rs 12 from the current price of Rs 5 – a return of up to 140%.
In the last six months, the multibagger market has almost provided a return of about 50% to investors. However, in the last month or so, the price of the product has dropped by 35% due to weak market sentences. Also Read: Russia-Ukraine Crisis: This is what could cost India in the midst of an international war
At current price levels, Vikas Lifecare’s market capitalization is about Rs 610.94 Crore, and profits towards equity shares stand at around 288.94. Also Read: Indiamart to get 26% stake in IB Monataro’s market share for Rs 104.2 crore