Penny stocks to buy in 2022: Experts give buy tag to THIS Rs 5 multibagger stock

Vikas Lifecare is a penny stock that could deliver multibagger returns in 2022. 

New Delhi: In 2021, several multibagger stocks provided impressive returns to investors. But going two months into 2022, the stock market has witnessed a downwards movement due to which many have suffered massive losses. 

So, if you’re interested in making investments in penny stocks, which are high-risk investments, but offer rewarding returns, you can put your money in Vikas Lifecare shares, according to share market experts.

Vikas Lifecare shares have more than doubled since listing on May 7, 2021, providing more than 100% return to early investors. However, the share’s price has dropped from its 52 week high of Rs 7.95 to Rs 5.25 amid the weak market sentiment in the secondary markets. 

A few market experts, however, remain bullish on the penny stock, expecting it to come out as a multibagger stock in 2022, according to a report by Mint. The chart pattern on the stock reportedly looks strong. 

Experts are now predicting that the stock is likely to witness a massive jump as soon as the secondary market witnesses a reverse in the trend. The change in trend may have begun on February 23, as the stock has jumped 5% from its previous close of Rs 5 to Rs 5.25.