People who are regular investors in share market are looking for top multibagger stocks of 2023 and they are coming to share market experts and investment consultants with their questions about the shares which could be possible multibaggers in 2023. Some of the common questions asked by people are being given below:
- Which stocks will double in 2023?
- Which share is best to buy for 2023?
- Which stock will grow in 2023 in India?
- Which will be next multibagger stocks?
In this article we will give you the list of top multibagger stocks of 2023 which are safe investment in medium to long term and can turn multibagger in 2023 by providing huge returns to investors. All these stocks have very strong fundamentals and investors can make good money by investing in these stocks.
GAIL (INDIA) LIMITED
The very first stock which can be a multibagger stock in 2023 is Gail India Limited. This share is currently trading at around Rs.97.
The Company is a Government Company and is operation in the following business segments:
- Natural Gas
- Liquid Hydrocarbon
- LPG Transmission
- Petrochemicals
- City Gas Distribution
- Renewable Energy including solar & wind exploration and production
- GAILTEL
- Electricity Generation
Looking at the high demand near monopolistic situation of the business segments in which the company is operating, investors can easily see the level of the share price of company going around Rs.200 in 2023. This share may touch the level of around 300 during 2024 and Rs.400 during 2025.
Tata Consultancy Services Limited (TCS)
Share of Tata Consultancy Services Limited(TCS) is currently trading at around Rs.3390. At current market price TCS is a good buy for medium to long term investment. Small quantities of the share should be added on every fall in its share price to receive the maximum profit. Target Price of TCS is around 3700 by the end of 2023. This share may touch the level of around Rs.4000 during 2024 and Rs.4500 during 2025.
YES BANK LIMITED
Yes Bank is currently trading at around Rs.20. At current market price, investment in the share is strongly recommended. 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. 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
Long term investors can expect share price of Yes Bank around 75-80 in 2024
Long term investors can expect share price of Yes Bank around 100 in 2025
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.
