Indian Stock to buy in 2022 if you want to make a lot of money. | by Metaverseindia | Feb, 2022

Given the large number of multi-bagger stocks expected in 2021, positional investors are looking for stocks that can provide a comparable level of return. Because penny stocks only demand a modest investment, certain high-risk investors may consider investing in penny stocks, which could provide them with a huge return. Vikas Lifecare shares have been recommended by stock market professionals for high-risk investors. Due to weak sentiment in the secondary markets, the penny stock has been hotly traded. However, other experts believe that by 2022, it might be a multi-bagger penny stock.

Vikas Lifecare shares, according to stock market experts, have a strong chart pattern and have caused an interesting price action. They believe the stock is primed for a dramatic upward movement once the secondary market trend reverses. They predict that by the end of 2022, this penny stock will have risen to a price of RS 12 per share, up from its present price of RS 5 per share.

Anuj Gupta, Vice President at IIFL Securities, said on Vikas Lifecare’s stock price outlook: “The stock has broken through the consolidation zone and has managed to stay above it even though market sentiment has been unfavorable over the past week. It has a bullish chart pattern and might move sharply higher if there is a trend reversal in the secondary market.” According to him, the penny stock is facing resistance between 7.50 and 8.0. However, once it clears this stumbling block, it is likely to climb sharply higher in the near to medium term.

Manoj Dalmia, Founder & Director at Proficient Equities, echoed Anuj Gupta’s sentiments, saying, “The major trend is horizontal, but the intermediate trend has created an interesting price action.” Following a downtrend breakout on December 22, 2021, there was a significant drop below the neckline of the head and shoulder. After forming a triangle and a powerful upward rebound, it is currently meeting resistance below a downward trendline with a second effort at upward breakout.
Anuj Gupta of IIFL Securities, when asked about Vikas Lifecare’s share price goal, stated, “Once there is a trend reversal, the penny stock may provide a significant upside move, and by the end of 2022, we are projecting this company to go up to Rs.12 per levels from its present 5”.

Vikas Lifecare shares are one of the multibagger penny stocks in 2021, having returned about 100% to its stockholders in the previous year. It has returned nearly 50% to its owners in the last six months. However, the stock has been on the down over the past month, shedding roughly 35% of its value.

Vikas Lifecare’s current market capitalization is around Rs.582 crore. It has a 52-week high of Rs.7.95 and a 52-week low of Rs.2.46. The penny stock’s current transaction volume is 12,61,377, which is much lower than its 20-day average volume of 54,73,444.

Disclaimer: The opinions and suggestions shown above are those of individual analysts or brokerage firms, not by me.