Nifty 50 index has hit a high of 18,255. Not too far away from it’s all time high 18,604.  But the smallcap index is yet to catch up with the momentum.

As Nifty SmallCap index suggesting the bullish scenario on charts. Now is the time to focus on smallcap stocks. Here’s a list 5 Smallcap Multibagger Stocks for 2023, that you should keep on your radar.

IDFC is a non-banking finance company (NBFC) and touched a new 52-week high on 7th November.

IDFC Ltd.

Shree Renuka Sugar Ltd is India's largest sugar refiner and ethanol producer based in Mumbai. The company currently trades at Rs 59 and has a  52-week high of Rs 69.

Shree Renuka Sugar Ltd

CESC Ltd is an Indian electricity generation and the sole distribution company serving 567 square kilometres of Kolkata municipal corporation. The company currently trades at Rs 76 and has a 52-week high of Rs 95.

CESC Ltd

Bank of Maharashtra reported net profit of more than doubled to Rs 5.4 bn in the September 2022 quarter which resulted in a steep price rise in recent days.  The company currently trades at its 52-week high level of Rs 23.

Bank of Maharashtra

NLC India is engaged in the business of mining of lignite and generation of power by using lignite as well as renewable energy sources.  Shares of the company currently trades  around 15% away from their 52-week high level of Rs 92.

NLC India Ltd

Indian EV Battery Stocks (Potential Multibaggers)

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