5 High profitability penny stocks with no debts

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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.

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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.

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

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

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

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

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

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1. Singer India Limited

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

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

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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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