Best Penny Stock To Buy For Long Term

Shares and Stocks which are trading at a price below Rs.50 are generally called penny stocks. Investors are always looking for best penny stock to buy for long term so that they can make huge money out of it. Retails investors keep coming to Share Market Experts and Investment and Research Analysts asking about the best penny stock to buy so that they can make big profit on their investment. In this article we will discuss and analyse about few such stocks which can be termed as best penny stock to buy for the long term.

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• Yes Bank Ltd

Yes Bank is an attractive buy at its current market price of around Rs. 16. In view of the better overall credit growth, banking sector is likely to see unprecedented growth in the coming years. 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. The share price target for Yes Bank is Rs.40 by the end of 2023, Rs.75 by the end of 2024 and Rs.100 by the end of 2025

• UCO Bank

UCO Bank is currently available at a price of just around Rs.26 and is a recommended buy for the long term investment. Looking at the overall banking sector scenario and specially of the prospects of UCO Bank, it is the right time to invest in UCO Bank. Share may touch the level of around Rs.40 by the end of 2023, Rs.60 by the end of 2024 and Rs.75 by the end of 2025

• Suzlon Energy Ltd

Suzlon Energy is available at its current market price of around Rs.9. The share is likely to rise significantly in the Long Term. Investors may buy this share for Long Term. Share may see the level of around Rs.20 to 30 by the end of 2025.

• IRFC LTD

Indian Railway Finance Corporation Ltd is yet another attractive share which should be bought for significant gains in the Long Term. Share is currently trading at around Rs.29 and it is expected that the price of the share will rise significantly in long term. It is recommended to buy this stock for long term investment.  is likely to see the level of around Rs.50 to 60 by the end of 2025.

• Gautam Gems Limited

Gautam Gems is currently trading at around Rs.19 and is best penny stock to buy for the long term. The share may turn out a real multibagger stock in long term as the experts are giving a target price of Rs.100 by the end of 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 future market expectations. 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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