Multibagger stocks for 2022: With the passing of 2021, 2022 has started. From the perspective of market returns, 2021 has been a year of great returns for investors. Nifty gave a return of around 22 per cent in 2021. Whereas midcaps have given returns of about 42 per cent and smallcaps have given around 53 per cent. A good number of multibagger stocks have been seen in 2021. Some penny stocks have also been included in this. Now investors are expecting something similar from 2022 as well. In such a situation, we are giving a list of 5 such favorite stocks of Sumeet Bagdia of Choice Broking, which can become the multibagger of 2022.
Suzlon Energy: Looking at the Monthly Chart, this stock has given a 5-month breakout and is looking above its previous high of Rs 9.45 made in July 2021. Sumeet Bagdia says buy in this stock between Rs 10 to Rs 8 with stop loss of Rs 6 and target of Rs 15-20.
MMTC: The stock is forming a bullish flag pattern on the Monthly chart which is a positive signal. Buying in this stock can be done around Rs 44 and in any fall till Rs 40, target of Rs 60-80 can be bought. For this, put a stop loss of Rs 35 on closing basis.
The market continued to rise for the 6th consecutive year in 2021, know how it can move in 2022
IFCI: On Monthly Scale, the stock has given 6 Month Consolidation Breakout and has moved above the previous high of Rs 16.4 in June 2021. Along with this, there has also been an increase in its volume. Buying advice is given in this stock near Rs 16 and for any downside near Rs 14, target of Rs 25-30 with stoploss of Rs 11.
Subex: Breakout is being seen in this stock on Monthly chart. Sumeet Bagadiya says that if getting around Rs 54 or Rs 50 in this stock, buy advice is given for a target of Rs 70-80 with a stop loss of Rs 40. Sumeet Bagadiya says that this stock can go triple digit in 2022 as there is a huge potential for IT companies in the post-Covid conditions.
Vodafone Idea: Sumeet Bagadiya sees full potential for further upside in this stock. He is of the opinion that Buying advice is given in this stock between Rs.14-13 with stoploss of Rs.10 and target of Rs.20-25. He says that this telecom stock has every possibility to go up to Rs 28-30. There is a possibility of Made in India 5G roll out in 2022, which will see big gains for the telecom stocks.
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