New Year 2023 is coming. People who are always looking for the excellent investment ideas to grow their money manifold are asking this question from the Chartered Accountants and Investment & Share Market Experts that what are the top 5 investment ideas for 2023?

In this article we will explore top 5 investment ideas for 2023. Following is the list of top 5 shares which may rise significantly from the current levels during the new year 2023.

1. Suzlon Energy Limited

Current Market Price of Suzlon Energy Limited is around Rs.10. In view of the future business prospects of this company, there will be significant price movement in the share price of the company in 2023 and the share price of the company is likely to touch the level of Rs.20 by the end of 2023

• Gail India Limited

Gail India Limited is a Public Sector Listed Company and is engaged in the distribution of CNG & PNG and is virtually enjoying the monopoly in its business. Consumer base of PNG & CNG is growing very fast in the country.

Gail India Ltd is one such share which may be considered for investment at current levels. Currently this share is available at around Rs.96 and is likely to double your investment by the end of 2023.

• Rubfila International Limited

Rubfila International is the only Indian manufacturer to manufacture both Talcum Coated and Silicon Coated Rubber threads. Some of the products are exclusively manufactured by this company for which there is no competition. Current Market Price of this company is around Rs.78,which is likely to rise significantly by the end of 2023.

• One97 Communications Limited (Paytm)

Paytm Brand is owned by the listed Company One97 Communications Limited. Company is India’s leading digital ecosystem for consumers and merchants. Current Market Price of the share of the company is around Rs.530 and the company has already announced the Buy Back Plan of the share at Rs.810.

Looking at the current market price, its buyback plan at Rs.810 and its financial performance, we can expect a price target of around Rs.1100 during 2023.

• Yes Bank Limited

Banking Sector is witnessing unprecedented growth in the coming time. Union Budget 2023 is likely to give further momentum to the growth of the Banking Sector when it will announce measures to boost the infrastructure sector in the country. Infrastructure development can not happen without further credit growth and banking sector is going to be the major beneficiary for the same. Yes Bank is currently trading at around Rs.20 and this share has the potential of touching the level of around Rs.40 during new year 2023.

Disclaimer : Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the market expectations from the Budget 2023. Investors are advised to take into consideration all these factors before making any investment in Capital Market.

Also Read :