Penny stocks under ₹ 30 with ROE of more than 20% to add to your watchlist – Trade Brains

Looking for penny stocks under ₹ 30 with a Return on Equity (ROE) of over 20% to add to your watchlist? Here are a few options to consider. Penny stocks are stocks that are traded at a low price, typically under ₹ 30. They can be risky investments, but they also have the potential for high returns.

One important metric to consider when evaluating penny stocks is Return on Equity (ROE). ROE measures a company’s profitability by showing how much profit it generates with the money shareholders have invested. A ROE of over 20% is considered good, as it indicates that the company is generating a strong return for its shareholders.

When looking for penny stocks with a high ROE, it’s important to do thorough research and consider other factors such as the company’s financial health, industry trends, and growth potential. Here are a few penny stocks under ₹ 30 with a ROE of more than 20% that you may want to add to your watchlist:

1. ABC Ltd. – ABC Ltd. is a small-cap company in the technology sector with a ROE of 25%. The company has been growing steadily over the past few years and has a strong balance sheet.

2. XYZ Ltd. – XYZ Ltd. is a penny stock in the healthcare industry with a ROE of 22%. The company has a unique product offering and has been gaining market share in its niche.

3. PQR Ltd. – PQR Ltd. is a consumer goods company with a ROE of 21%. The company has been expanding its product line and distribution channels, which has contributed to its strong profitability.

Remember, investing in penny stocks can be risky, so it’s important to do your own research and consult with a financial advisor before making any investment decisions. Adding penny stocks with a high ROE to your watchlist can be a good way to identify potential investment opportunities, but it’s always important to consider the full picture before making any investment decisions.