Multibagger stock for 2022: Ravi Singhal of GCL Securities has recommended this small-cap penny stock to buy as it may go up to  ₹50 apiece levels in one year.

Ravi Singhal of GCL Securities suggests one inventory to purchase


Multibagger penny inventory for 2022: Investing in penny inventory is very dangerous as a small set off result in excessive volatility within the inventory. Nonetheless, 2021 has been a outstanding yr for varied penny shares with good fundamentals as variety of penny shares entered the listing of multibagger penny shares in 2021. Now, after ushering into the New 12 months 2022, retail buyers are busy discovering out doable multibagger shares for 2022. For such inventory market buyers, Ravi Singhal of GCL Securities has really useful Pil Italica Life-style or Pilita shares to purchase when the market opens on Monday.

Talking on multibagger penny shares for 2022; Ravi Singhal, Vice Chairman at GCL Securities mentioned, “Pilita share value has been underneath selloff warmth since April 2021 nevertheless it has proven rebound in previous few commerce classes. It’s a high quality inventory as the corporate fundamentals are robust sufficient. The small-cap firm has a PE ratio of 49, which is comprehensible as a result of its small liquidity. However, it could hit 19 to 20 ranges in short-term.”

Ravi Singhal of GCL went on so as to add that the penny inventory has given contemporary breakout at 10.40 on closing foundation and it’s at the moment at 11.10 apiece ranges on NSE. He mentioned that Pilita shares have robust help at 10.40 ranges and from right here sharp upside transfer might be anticipated within the counter as Pilita share value continues to be round 45 per cent discounted value from its 52-week excessive of 19.20 per share ranges on NSE.”

“On chart sample, Pilita share value is poised for sharp upside rally and as soon as it breaks its 52-week excessive on closing foundation, we will anticipate the counter to go as much as 35-38 apiece ranges in subsequent 6 months,” mentioned Ravi Singhal.

Requested about Pilita share value goal for 2022, Ravi Singhal of GCL Securities mentioned, “One should buy the small-cap counter at present ranges sustaining cease loss at 5 and carry on accumulating on each dips. The inventory is poised to go as much as 19 to 20 in brief time period, 35 to 38 in medium time period whereas it could go as much as 50 apiece ranges in long-term.”

Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint.

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