Penny stocks have always garnered market attention as there is potential to make quick money. Investors, however, need to tone down expectations in current market conditions. A careful selection of non-speculative penny stocks can deliver multibagger returns in the next three years.
When I say non-speculative penny stocks, it implies stocks of companies that have a sound business model. Further, these companies have a decent balance sheet to navigate challenging times. If the business delivers, these stocks can be among the mid-cap or large-cap names in the coming years.
Let’s discuss five penny stocks to buy for 5x returns with an investment horizon of three years.
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