5 Penny Stocks Bank Shares That Might Become MultiBagger and Give You Best Returns

In this article you are going to get info on some of the very best shares that are below Rs 100 mark at this date on March 25th, 2022.

Disclaimer :

Although I try to provide full information in all of my blogs regarding any particular topic but trading and investing in share market is always risky and things shown in this blogs are just for information or to enhance knowledge or point of view in that particular matter. So, TRADE and INVEST in share market at your own risks.

What are MultiBagger shares ?

MultiBagger shares are those very few best shares which might perform overwhelmingly well in a relatively very small amount of time.

You can expect a very big return from these multi bagger shares.

What are Penny stocks ?

Penny stocks are generally called those shares which are available for very low amount of price.

Here in the Banking sector also we have found some of the very affordable Penny stocks that might become MultiBagger in near future.

So from the Bank sector here are some of the very best shares that might become MultiBagger :

1) Dhanlaxmi Bank :

  • The bank has recorded the net profit of Rs 37.19 Crs in the last financial year ended 31st March 2021.
  • The company registered a growth of 6.39%.
  • The company partners with global giants like SBI, HSBC and Bajaj Allianz life insurance companies.
  • Talking about trust value the bank has been there for more than 90 years and is growing.

2) IDBI Bank :

  • IDBI has registered some profit last year in the year 2021.
  • IDBI share price is at the very affordable level which is below 50 on the date 25th March 2022.
  • If you want to invest for longer term and want to gain more profit than IDBI should be the choice for sure.

3) IDFC First Bank :

  • The bank has shown some profit last year in the year 2021.
  • IDFC First also has shown some strength and can be a great choice for long term investing.
  • The IDFC First Bank share price is at the very affordable level below Rs 50 mark.

4) South India Bank :

  • South Indian Bank has shown some profit in the past years of 2018 – 2021.
  • The bank shares have been available at the very low price below 10 Rs which makes it a very attractive penny share at present time.

5) Ujjivan Small Finance Bank Ltd :

  • The bank has recorded nice amount of profit in the year 2019 and 2020.
  • Ujjivan Small Finance Bank Ltd shares are available at the rate below 20 Rs at the moment dated 25th March 2022.

Apart from all these penny stocks bank shares here are some more options that might be very fruitful as well.

6) JK Bank :

Currently below 40 Rs at the date 25th, March 2022.

7) Karur Vysya Bank :

The share is currently at the rate below 50 rs on date 25th, March 2022.

8) Yes Bank :

The share is currently at the rate below 20 and expected to grow in future.

9) Federal Bank :

Federal Bank has registered profit in last 4 consecutive years and is performing very well.

At current moment the share is below 100 Rs price rate and is very affordable and produces better chances to earn profit for new investors.

Conclusion :

Bank shares are one of the best when it comes to stable and long term profit making.

Banks are generally very stable and give a good chance to grow over the period of time.

The above given all banks are currently giving a good chance to invest for a longer period of time and also at the affordable rates.

Demat Account :

To invest and grow in the share market you will just need a Demat account.

If you don’t have a Demat account you can consider Upstox which provides better insights and a reliable platform to grow in the share market.

Hope the article will be helpful.

109 thoughts on “5 Penny Stocks Bank Shares That Might Become MultiBagger and Give You Best Returns

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