Top 5 penny stocks for 2022
Penny stocks are high risk high rewards stocks. Some penny stocks degrade investors wealth while some can give 10x to 100x returns in few years.
Blindly putting money in any stock comes with high risk of losing all money.
Carefully choosing penny stock is important and it is best to not to put all your money in this class of stocks.
Here are Top 5 penny stocks that have ability to give multibagger returns in 2022.
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1: Orient Paper & Industries Limited
It is a manufacturer of paper and paper crafts. It also produces paper in Africa. Orient Paper Mills is a major player in the paper industry in India, offering a diverse range of writing, printing, industrial, and specialty papers.
2: Haldyn glass
Company is engaged in manufacturing of Soda Lime Flint & Amber Glass containers.
3: Indian Railway Finance Corporation (IRFC)
It is owned by Government of India. Through capital markets and other borrowings, it obtains financial resources for expansion and operation.
4: Trident Ltd
Trident Limited is a major producer of Yarn Bath Linen Bed Linen Wheat Straw-based Paper Chemicals and Captive Power.
5: Ujjivan Small Finance Bank Ltd
It is a small finance bank. It operates mainly through three segments; Treasury, Retail banking and wholesale/corporate segment.