Putting your money in the stock market can help it grow over many years. But with so many stocks out there, it can be hard to choose the best ones. Sleeper stocks are a special kind of stock that could do really well. In this article, we’ll talk about the top sleeper stocks for 2023. You’ll also learn how to find these good sleeper stocks and why it might be a smart idea to invest in them.
What Are Sleeper Stocks?
A sleeper stock is a type of stock that isn’t famous or closely watched by most investors. But, it could make a lot of money in the future.
Top Sleeper Stocks for 2023 in India
Here are the top 10 sleeper stocks in 2023 that you can consider.
Note: The sleeper stocks mentioned above are as of October 4, 2023, and are listed as per the following parameters.
- Market cap – Small cap
- PE Ratio – From 0 to 20
- High Net Profit Margin
- Beta – Maximum 1
- Debt to Equity – Maximum 20%
- High Return on Equity
How can I Discover the Top Sleeper Stocks for 2023?
Sleeper stocks can make you a lot of money down the road. People often don’t notice them because they’re not famous or they had some problems recently. But, these stocks might have strong foundations and be ready to grow.
To find sleeper stocks, look for small companies that have good basics and a chance to grow. Check how much money the company makes and how much it owes. Also, see what the company plans to do in the future and who’s in charge.
Before you put your money in, make sure you know everything about the company. Be ready to wait for your money to grow; it won’t happen fast. And, to be safe, spread your money out in different investments.
Why Consider Investing in Top Sleeper Stocks for 2023?
Here’s why you might like sleeper stocks:
- They could make you a lot of money.
- They might not be as risky as famous stocks because not many people buy and sell them.
- They can make your investments safer by adding variety.
1. How are sleeper stocks taxed?
The way sleeper stocks are taxed in India is just like any other stock. When you sell a sleeper stock, you’ll need to pay a tax called capital gains tax. How much you pay in capital gains tax will depend on how long you held the stock and your income tax rate.
2. What are the risks when you invest in sleeper stocks?
Sleeper stocks come with their own set of risks. They might not do as well as you hope, and it might take a while for them to grow in value. Plus, they can be more unstable than well-known stocks. That’s why it’s crucial to study and know the risks before you invest in any sleeper stock.
3. How much money should I invest in sleeper stocks?
How much you should put into sleeper stocks depends on you and how much risk you’re okay with. Usually, it’s smart to start with a small amount and slowly put in more as you get used to the risks.
4. How can I make sure I’m safe when I invest in sleeper stocks?
Here’s how you can make sure you don’t take too much risk with sleeper stocks:
- Spread your money out by investing in different sleeper stocks.
- Be in it for the long run, not just a quick gain.
- Don’t put in more money than you’re okay with losing.