In the last six months, nine penny stocks delivered impressive gains ranging from 25% to 125%. These outperformers were identified using specific filters: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum latest trading volume of 5 lakh shares. This approach helped spotlight low-priced, actively traded micro-cap stocks exhibiting strong upward momentum.Penny stocks continue to draw interest due to their low price points and high return potential. However, they come with substantial risks, including low liquidity, sharp volatility, and limited transparency. For investors, success in this space requires more than luck—it demands discipline, thorough research, and a firm grip on risk management. (Data Source: ACE Equity) Hidden Multibaggers