5 High profitability penny stocks with no debts

Penny stocks are selling like hotcakes these days. Whether you are a first-time investor or a seasoned trader, everyone wants a piece of the pie.

For those new to the game, there's no general definition for penny stocks. Generally, equity shares that trade for less than Rs 100 per unit are called penny stocks.

The craze really stems from the fact that investors can buy large chunks of these stocks at low prices.

Second, there is tremendous growth potential. Basically, high returns in the short term.

Moreover, penny stocks contribute towards the diversification of your portfolio.

Sure, there's risk involved, just like any market-linked financial product. But if carefully chosen, the rewards far outweigh the risks.

So, if you have a high-risk appetite, here's a list of top 5 zero debt penny stocks for 2022 with good profitability.

1. Singer India Limited

Singer India Limited (Singer India) is a company in the home furnishings sector.

The total valuation (market value) of the company is ₹243 crore.

it continues to reflect a strong brand presence and is seen rapidly diversifying in the home appliances space with an asset-light business model.

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