Penny stocks generally attract investors because of their low prices. Many such stocks give excellent returns in the short term. However, investing in penny stocks is also considered risky due to volatility.
Market experts believe that before investing in penny stocks, one should check the financial position of the company. However, investors are considered safer to invest in shares of debt-free companies. In such a situation, today we are telling you about 7 such penny stocks, which are completely debt free companies.
Hi Tech Winding Systems: Shares of the company have seen an upper circuit of 5% today on December 23. Its share price today is Rs 5.97. It is a debt free company and has a market cap of Rs. 2.90 crores. It has returned 210% so far this year.
Gitanjali Credit & Capital: Shares of the company hit an upper circuit of 5% today on Monday. The price of this share is Rs 5.40. The debt-free company has a market cap of Rs 2.39 crore. It has returned 130% so far this year.
Ace EduTrend: This share touched Rs 4.18 today. It has an upper circuit of 5%. Its market cap is Rs 3.83 crore. This is a debt free company. The stock has returned up to 95% this year so far.
Aswarwad Capital Limited: During today's trading, the share price of the company reached Rs.5. This is a debt free company. Its market cap is Rs 44.19 crore. It has returned up to 70% so far this year.
Achyut Healthcare: The share price of the company today on Monday was Rs. is 3.80. The company has zero debt. Its market cap is Rs 89.51 crore. This multibagger returning company has issued bonus shares and split its shares.
Darshan Orna Limited: Share price of the company today is Rs. is 5.60. It is a debt free company and has a market cap of Rs. 28.02 crores. It has increased by 60% so far this year.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
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