Small cap stocks are those stocks that have huge potential in future to become large cap. Small cap are generally from the range of 40,000 crores of market cap to 2,000 crores.
They are highly risky but giving investors high rewards. Vijay kedia once said when businessman become billionaire then investors became millionaires, if businessman not have big dreams then don’t invest into that company.
Small Cap Stocks To Buy 2023
Here are some best stocks to buy now for greater returns in future.
1)Muthoot Finance :- Muthoot Finance is in gold business from last 20 years and company listed in stock market in year 2011.
Company stock fall to levels of 900 due to russia ukraine war but stocks take support at the level of 900. company have very strong fundamental and stock is less risky because company give gold loans to only those customers that have strong track records.
Company only give loans for 3-9 months against gold securities. Market cap of muthoot finance is more than 40,000 crores.
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2) Colgate Palmolive :- Everyone is using toothpaste but no one is remember toothpaste because of colgate marketing. Colgate is very safe company for beginners and in any situation company’s business is not affected by any external factors.
Colgate gave 2,300 returns to its investors in last 20 years. Currently company have 41,000 thousand crores of market capitalization.
3) Laurus Labs :- Company make APIs and gave to other pharmaceutical companies. Laurus lab stock traded at 720 levels when corona virus was at its peak.
Now stock trading at 17 P/E multiples, due to such low valuation as compared to its peers mutual fund and domestic investors buy stocks in huge quantities from last 3 quarters.
4) Angel One :- Everyone invest in sock market with the help of brokers. Angel one is india’s oldest and largest broker. Company’s current P/E ratio is less than 12 and company’s net revenue and net profit is increasing on year basis.
Angel one not only in stock market business but also in API business. Application programming Interface request server and server response back stock data to brokers and anyone who is using API.
5) Sanofi India :- They manufacture and sell pharmaceutical to direct customers. It offers a range of medicines and supplements for treatment of diabetes (both insulin and orals), cardiology, thrombosis, epilepsy, allergies, and infections.
Sanofi India fall more than 40 percent in last three years. currently stock is undervalued.