Penny stocks have been criticized a lot over the years. That too, for good reasons.
Despite having a poor reputation, there are select few penny stocks that are diamonds in the rough and can become future multibaggers. These penny stocks are fundamentally strong and have a decent track record.
Such stocks are usually undervalued compared to their peers, have good profit and revenue growth, and have a strong credit profile.
They have low debt on their books and pay dividends consistently.
While there's no set criteria in what makes a penny stock better than the other, here's a list of penny stocks which are fundamentally strong...you can call them the top 10 penny stocks in India.
Please note, the above list of penny stocks are not recommendations by any stretch.
It is suggested that you practice caution while investing in penny stocks.
Choose only those stocks that are fundamentally strong. In other words, stocks that have stable revenue and profit growth, good credit profile, and are trading at a discount to their peers.
Aug 4, 2024
The underlying fundamentals of these companies are still strong, making them prime candidates for a rebound.
Apr 15, 2024
The increasing adoption of EVs, the expanding renewable energy market, and the development of cleaner technologies is creating a big opportunity for energy players.
Dec 19, 2023
These penny stocks could keep charging ahead. Here's why.
Nov 29, 2023
Some penny stocks have a better growth opportunities than large companies.
Nov 14, 2023
These up-and-coming penny stocks hold a high growth potential backed by strong fundamentals and strong cash flows.
Aug 28, 2023
These penny stocks have rallied over 100% in a month.
Mar 21, 2023
With so many options out there, it can be challenging to find high-quality penny stocks that are worth adding to your portfolio.
Jan 2, 2023
As we move into a new year, examine whether the current market environment is conducive for picking penny stocks.
Jul 15, 2022
Keep an eye on these penny stocks in 2022 which promise long term growth.
Jul 3, 2022
Rahul Shah on how to find the best penny stocks in this market.
Jun 21, 2024
These penny stocks demonstrate strong potential to rebound to the Rs 100 mark.
Feb 2, 2024
We're only a month into 2024 and few of these modestly priced stocks have quietly outperformed their flashier counterparts.
Dec 12, 2023
How to find the top penny stocks? Read on...
Nov 26, 2023
These penny stocks boast of robust financials as well as high growth prospects going into 2024.
Oct 2, 2023
Among other reasons, penny stocks are just different. Investors often stay away because of their low liquidity and due to no visibility or coverage.
Aug 7, 2023
LIC has emerged as a silent force over the years. The insurance major's strategic investment decisions have caught the attention of seasoned traders and investors alike.
Feb 21, 2023
These five penny stocks are enjoying multiple tailwinds and are set to grow exponentially in 2023.
Aug 2, 2022
The penny stocks story is not yet over. Here's a list of the top 4 high book value penny stocks that should be on your watchlist.
Jul 4, 2022
While high promoter holding is a good thing, there can be rare cases where penny stock promoters use misleading information about the actual valuation.
Apr 12, 2022
Choose the right penny stocks that can potentially deliver 10x returns even when the market is volatile.