Penny Stocks: Stocks likely to become Multibagger Stocks in upcoming days in 2023- Focus from Tomorrow!

There has been a significant decline in Sensex and Nifty for the last few days. There has been a significant increase in buying activity among PSU banks since the announcement of JPMorgan’s inclusion in Indian bonds. Whereas on the contrary, sectors like pharmaceuticals and metals have seen a significant decline.

If you look at the list of top gainers of Nifty, it includes Power Grid, Asian Paints, Coal India, NTPC and HDFC Life. On the other hand, HDFC Bank, UltraTech, Dr. Reddy’s Laboratories and Wipro Company’s stocks have shown poor performance.

If you see in the coming days, there are some stocks which are going to be very profitable and by investing in these penny stocks, you are also going to get huge profits, these stocks are penny stocks but within the coming few years, they will declare themselves as multibagger.

Stocks can be seen and these are penny stocks list:

  • Univa Foods- If you have been keeping an eye on this stock for the past few days, then you would know that this Univa Foods share is locked on the upper circuit of 5 percent, recording an intraday high of Rs 5.25 per share on NSE. Not only this, if you also look at the quantity of this stock, you will find that there has been a huge jump in the quantity of shares of this stock.
  • Vodafone Idea- Ever since the improvement in the rights issue of this stock, this stock is also seen doubling its principal to its investors. Investors will also be seen making huge purchases in this stock as a result of which the stock reached intraday high. You must be aware that this company provides telecommunication services in India and along with this it also works in the business of mobility and long distance services like trading of handsets and data cards.
  • South Indian Bank- If you look at this stock, these stocks will also be seen doubling the investment value of their investors in 6 months. And that is why South Indian Bank stocks are witnessing solid price volume breakouts every day as the stock is currently up by a very high percentage to record its intraday high.

Disclaimer: This article has been written for informational purposes only, please consult your financial advisors for investment advice.

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