Multibagger Stock: Market Experts Advise Buying This Multibagger Penny Stock, May 2022

By | February 23, 2022

Multibagger penny stock: The year 2021 has seen many multibagger stocks. The positional investor is currently looking for a stock that could prove to be a multibagger in the year 2022. Everyone is also looking at Penny stocks in search of multibagger stocks. It is worth mentioning that very little money is required to invest in penny stocks. Investors who want to take more risk are always looking for quality penny stocks. Market experts are advocating for a stake in Vikas Lifecare. The stock market is currently under pressure from deteriorating sentiment. Some experts believe that this stock could prove to be the multibagger stock of the year 2022.

The opinion of experts

Anuj Gupta of IIFL Securities says the stock has broken its consolidation zone. Market sentiment has been bad for some time now. This share is looking very strong on the chart pattern. The stock may see upside as secondary market sentiment improves.

Anuj Gupta says the stock could face resistance around Rs 7.5-8. Once this hurdle is overcome, the stock may rise for the short and long term. He added that the stock could see a good rally by the end of 2022. The stock may rise from the current level of Rs 5 to the level of Rs 12.

If we look at the history of the share price of Vikas Lifecare, in the year 2021, it was a multibagger penny stock. The stock has returned 100 percent in the last one year. The stock has risen 50 percent in the last six months. However, the stock has been under pressure for the past one month. The stock, meanwhile, has plunged 35 percent.

Vikas Lifecare has a current market cap of Rs 582 crore. The stock has an all-time high of Rs 7.95. The stock has a 52-week low of Rs 2.46.

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