People are coming to Chartered Accountants and Share Market Experts and asking Which Penny Stock Can Become Mulibagger?
There are hundreds of good penny stocks in the market with reasonably strong fundamentals which can become multibaggers in future and you can make huge amount of profit by investing in these stocks. Investors often come across several good penny stocks but hesitate to invest in these stocks. They have apprehensions and several questions in their mind with regard to the success rate of penny stocks. Some of the questions often asked by the existing as well as prospective investors are listed below:
- Which is best penny stocks to buy?
- Which penny stock will grow in future?
- Can you get rich doing penny stocks?
- Where is the next big penny stock?
- Do penny stocks ever succeed?
- Which penny stock can become multibagger?
Before we being to answer the questions often asked by the people, let us first understand the meaning of penny stocks. Shares which are available in the market at very low or throwaway prices are called penny stocks. Normally Shares trading in the market up to the value of Rs.30 are called as penny stocks.
Out of the hundreds of good penny stocks available in the market, we will discuss about one very good penny stock in this article, which has the potential to become a multibagger stock in near future and provide huge amount of profit to the investors.
Yes Bank Limited which is currently trading at around Rs.20 is one such stock which can be termed as one of the best penny stocks available in the market. During the last year itself this stock has doubled its price. It continued to trade around Rs.12 for very long time and then it touched the level of around Rs.24 very recently.
At its current market price of around Rs.20, Yes Bank Limited is the best penny stock. Investors should buy this share for long term and continue to add more quantity of shares whenever market goes down.
In view of the better overall credit growth, banking sector is likely to see unprecedented growth in the coming years. Additionally, Yes Bank is now in the consolidation phase after about 2 years and from here, Yes Bank Share price is expected to rise significantly on medium to long term basis.
We can also say that looking at the overall banking sector scenario and specially of the prospects of Yes Bank, it is the right time to invest in Yes Bank.
Nothing is going to happen very significantly in the short term. Yes Bank share should not be purchased with a short term outlook.
Yes Bank Share Price Prediction 2023:
We can expect significant Share price appreciation by the end of 2023. Expected Price at that time is likely to be in the range of 40-50
Yes Bank Share Price Prediction 2024 & 2025:
Long term investors can expect share price around 75-80 in 2024
Long term investors can expect share price around 100 in 2025
Yes Bank Share price may touch the level of around Rs.200 by the end of 2026
Investors who buy the Yes Bank at current market price of around Rs.20 may get the ten times of their investment during a period of just 4 years from 2023 to 2026.
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. This article should not be treated as Investment advisory and is for general guidance purpose only. Moneyinsight does not offer investment advice and does not encourage any action based on its content.
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