These Penny stocks are debt free Earn Good Profits.
Penny stocks are the talk of the town these days.
They have become the favourite category for many retail individuals, especially first-time investors.
These investors flock towards penny stocks with the hope of making big money in them.
But just because the risk-reward ratio seems extremely high here, it doesn't mean that penny stocks will make an investor rich.
Penny stocks with stable and strong balance sheets - with low or zero debt and decent dividend payout - can fare much better against their peers, both in positive and adverse times.
Such companies deserve to be a part of the stock watchlist.
5 Debt Free Penny Stocks with Good Profitability:
Steel Strips Infrastructures Limited
Steel Strips Infrastructures Limited (Steel Strips Infra) is a real estate company.
The total valuation (market value) of the company is ₹23 crore.
The price of one share of the company is ₹ 26.25 in the BSE market and is not listed on the NSE market.
Steel Strips Infrastructures Limited was established in the year 1973.
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