Multibagger Stock for 2022: Despite the global economy battling the heat of Covid-19, the Indian stock market has managed to deliver great returns in 2021. Now, after the start of the new year 2022, stock market investors are speculating whether they will continue to get multibagger returns or not. For such investors, GCL Vice Chairman Ravi Singhal has listed two stocks that can give more than 100 per cent returns to their shareholders this year. Those two multibagger stocks for 2022 are MAN Infraconstruction and Allsec Technologies. GCL Securities Expert is of the opinion that the above mentioned stock can be included in the list of Multibagger stocks in 2022.
1]Man Infrastructure: This share of construction engineering company has given a fresh breakout on Based on 102 closures and is expected to give a sharp jump throughout the year. Ravi Singhal expects Man Infrastructure shares to go up 220 per share level in 2020.
Speaking on the reason for putting MAN Infrastructure Share in the list of Multibagger stocks for 2020, Ravi Singhal of GCL Securities said, “After trading sideways for a long time, the stock has finally given a fresh breakout. 102 levels depending on the ending. Moreover, Nifty Realty Index has given a fresh 10-year breakout which bodes well for mid-cap realty and infra stocks in 2022 as well. To propel this stock further, government spending in infrastructure sector is expected to continue and this is also a good sign for this low priced stock. I am expecting this stock to be a hit from 135 140 in the short term while it could go up 175 to 190 in the medium term. In the long term or say by the end of 2022, the stock may go up from 210 220 per share.” He advised the investors to buy the stock by maintaining the stop loss at the current market price. 77 per share level.
2]Allsec Technologies: Shares of the mid-cap IT company are expected to remain untouched by global inflation, which is one of the major concerns for central banks across the world. IT companies are expected to deliver better numbers both during and after the COVID crisis and in that case stock market investors are expected to look for quality mid-cap IT stocks such as shares in Olsek Technologies .
Speaking on Multibagger stocks for 2022, Ravi Singhal of GCL Securities said, “The world is currently facing two major challenges – Covid-19 and global inflation. IT companies are expected to keep these concerns for a while. In fact, IT companies will be least affected by global inflation. When it comes to the COVID-19 crisis, IT companies are expected to perform well during the pandemic and pandemic as Corporate spending on IT is expected to increase over the next 3-4 years. A quality mid-cap IT stock, stock market investors are expected to execute bulk buy-backs in Allsec Technologies shares. The stock will see four in the next 8-9 months. number of digits may reach and by the end of 2022, it may go up 1350 per share level.” He advised stock market investors to buy this counter around maintain stop loss at 650 599 per share level.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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