5 zero-debt multibagger penny stocks that have rallied up to 900%
in 1 year
Produced by: Harshita Tyagi
Designed by: Pragati
Penny stocks are stocks that are priced very low, mostly under Rs 30 per share, and such companies have low market capitalization as well. Penny stocks are so small that they have minimal trading volume and are illiquid.
What are penny stocks?
Penny stocks are a popular form of investment among high-risk traders. While these stocks do not have the same liquidity as larger companies, they can be traded on the stock market and yield profits if sold at a higher price.
Penny stocks to buy
Volatility in penny stocks
Investing in penny stocks can be very profitable because of their high volatility. However, a penny stock investor needs to be careful about such investments by following some factors before investing.
Penny stocks liquidity
Penny stocks are illiquid in nature, meaning they are traded much less in quantity as compared to other stocks in the market. This means you might find it difficult to find buyers and sellers for such stocks in the market.
Multibagger penny stocks
Since penny stocks are priced so low, there is a high potential of the stock prices to go up to a couple of 1,000s and give you higher and faster returns when compared to companies that have already reached that stage.
Penny stocks list
Some penny stocks have the potential to evolve into multi-baggers. It means shares that yield in multiples of the investment amount. Investing in penny stocks is risky, and you would then be treading in tricky waters as there is no guarantee that the stocks will become multibaggers. Here are 5 zero-debt penny stocks that have rallied up to 900% in the last one year.
JMD Ventures
JMD Ventures share price has rallied about 939% in the last one year. The current market price of the stock is Rs 20. So far in 2023, the stock has rallied 83%. This multibagger penny stock has doubled investors' money in the last six months.
Abirami Financial
Services India
This penny stock has gained nearly 420% in the last one year. The company has zero net debt as of FY22. At present, the stock is trading at Rs 22 on BSE. In year-to-date time, the stock has rallied 45%.
KBS India
KBS India is another multibagger penny stock that has delivered multibagger returns this year. The stock priced at Rs 9.32 on BSE has rallied 423% in the last one year. However, the stock is down 8.36% in YTD time.
IFL Enterprises
This multibagger penny stock has rallied 268% in the last one year. Priced at just Rs 12, IFL Enterprises share price has zoomed more than 2,700% in the last five years.
Prism Medico and Pharmacy
This multibagger penny stock has jumped more than 227% in the last one year. Priced at Rs 26, the stock has rallied 152% in the last six months. Prism Medico shares were trading 6% higher on Tuesday.
Disclaimer
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