- Date : 09/01/2023
- Read: 2 mins
Trading ideas for January 2023
As the new year is around the corner, investors are looking for trading ideas to give them handsome returns on their investments. As COVID is making a resurgence, investors are worried about its impact on the stock market. However, experts believe that given India's comprehensive vaccination program and a stable economy, the market will not be drastically impacted.
As such, here are some stocks that demand your attention and can be a suitable pick for January 2023.
1. Large-cap stocks
Large-cap stocks are from companies that have already proved their mettle in the market. Even in the case of headwinds, large-cap stocks have the capability to maintain their values and do not cause immense losses even if the market turns volatile.
So, if you are looking for stable stocks with the potential to deliver stable returns, large-cap can be your pick. For 2023, some of the top large-cap stocks are as follows
Source: -
- Bharti Airtel : (Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-bharti-airtel-target-price-rs-1039-prabhudas-lilladher/articleshow/96726379.cms)
- Axis Bank :(Source: https://www.livemint.com/market/stock-market-news/axis-bank-shares-top-pick-for-cy23-motilal-oswal-check-target-price-11672208637370.html)
- Infosys : (Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-infosys-target-price-rs-1900-axis-securities/articleshow/96702009.cms)
- Reliance Industries : (Source:https://economictimes.indiatimes.com/markets/stocks/recos/buy-reliance-industries-target-price-rs-2909-prabhudas-lilladher/articleshow/96728527.cms)
- L & T : (Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-larsen-amp-toubro-target-price-rs-2281-lkp-securities/articleshow/95243671.cms)
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2. Penny Stocks
Penny stocks are low-value stocks that allow investors to buy bulk units and gain from potential uptrends. For 2023, multiple penny stocks can be a suitable choice. Have a look -
(Source: https://www.forbes.com/advisor/in/investing/best-penny-stocks-to-buy-in-india-2023/)
3. Multibagger stocks
Multibagger stocks can give exponential returns and have proven their mettle over time. Some of the notable penny stocks are as follows -
All these stocks have a good growth potential in the upcoming year. You can invest in these stocks and diversify your portfolio, adding to its profitability. So, use these trading ideas and generate good returns on your investments.
Related - Know how to read candlestick charts
Here are 5 trading ideas for you
Source: Moneycontrol
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.
