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Multibagger Penny Stocks for 2023

Penny stocks are famous for generating extremely fast returns. On the other hand, they are infamous for falling just as fast as they go up.

In a market crash, or God forbid, a bear market, these socks will be the worst hit. They will fall the most and fall the quickest.

Though they are quite volatile, they can be good investments, provided they are fundamentally strong penny stocks and have good growth prospects.

Some penny stocks might even become future bluechips.

Even during volatile periods, several penny stocks go on to deliver multibagger returns in a short span of time.

This is what every investor dreams of. If penny stocks are well-chosen, they can make a big difference to your net worth.

Luckily, we've prepared a shortlisting process for selecting penny stocks. With the help of this checklist, you can find the list of multibagger penny stocks for 2023 and beyond.

Here's how you can pick multibagger penny stocks for 2023 and beyond:

  • Avoid all penny stocks with a debt-to-equity ratio of 0.5 or higher
  • Avoid all loss-making penny stocks
  • Avoid all penny stocks with negative cash flow from operations
  • Avoid all penny stocks with pledged shares. Promoter pledging should be zero
  • Avoid all penny stocks with promoter holding less than 50%
  • Avoid all penny stocks that don't pay dividends

Use these filters on stocks with a price less than Rs 100 per share and a marketcap of less than Rs 10 bn and voila!

Check out Equitymaster's powerful stock screener where you'll find the list of multibagger penny stocks in India.


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