So far in calendar year 2026, 9 penny stocks have risen sharply, delivering returns ranging from 25% to 325%. Notably, three of these stocks have turned into multibaggers. These standout performers were identified based on specific criteria: a market capitalisation of less than Rs 1,000 crore, a share price below Rs 20, and a recent average trading volume of at least 5 lakh shares. This approach focuses on identifying low-priced, actively traded micro-cap stocks showing strong upward momentum. (Data Source: ACE Equity).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. Small but Mighty