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covering exciting investing ideas and opportunities in India.
Penny stocks are famous for generating extremely fast returns. On the other hand, they are equally infamous for falling just as quick. Thus, posing a high risk to your portfolio.
However, they can be good investments, provided they are fundamentally strong penny stocks and have good growth prospects.
One way to filter out strong companies is to look at their debt levels. Debt free stocks are considered safe because these companies are insulated against interest rate changes.
These companies usually are cash-rich and use retained earnings as their primary source of funding.
Though debt free penny stocks have become synonymous with safe investments, no debt on the books have little to do with the profitability and long-term growth of a company.
Hence, investors should be careful while analysing such companies.
Since you’re interested in debt free companies, have a look at these debt free penny stocks with good profitability.
Also check out Equitymaster’s powerful stock screener where you can start your search by filtering debt free companies along with your filtered criteria.
Mar 10, 2023
Penny stocks which have a decent balance sheet, low or zero debt and a track record for paying consistent dividend fare much better against their peers.
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This is what you must know as a penny stock investor.
Jul 27, 2022
Debt free penny stocks are vital when it's a question of portfolio diversification in a volatile market. They can potentially offer good profitability in the long run.
Feb 23, 2022
These penny stocks can help investors get stable returns in a volatile market.
Mar 2, 2023
These penny stocks have a history of making regular payouts and they also have decent financials.
Sep 6, 2022
These 5 Indian penny stocks are fundamentally strong and come with high growth potential.
Jun 1, 2022
In penny stock investing, it's very important to distinguish between good penny stocks that are investment worthy and the ones that are highly speculative.