In the last one year, several penny stocks have given substantial returns to their investors but we highlight 10 penny stocks that have surged between 40% and 740%. These stocks were selected based on specific criteria: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a recent minimum trading volume of 5 lakh shares.

Penny stocks often attract attention due to their low entry price and the potential for explosive growth. But while the rewards can be impressive, the risks are equally high. These stocks typically carry low liquidity, high volatility, and limited financial transparency. Investors should proceed with caution —success in penny stocks requires not just luck, but a clear strategy and strong risk management.(Data Source: ACE Equity)