In the past two months, 12 penny stocks delivered impressive gains ranging from 25% to 125%, including two multibaggers. These outperformers were identified using specific filters: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum 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 potential for returns. However, they come with substantial risk, marked by 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.

Evexia Lifecare

2-Month Performance: 123% | Previous Close: Rs 1.56

Noida Toll Bridge Company

2-Month Performance: 109% | Previous Close: Rs 7.14

Kalyan Capitals

2-Month Performance: 51% | Previous Close: Rs 9.37

NHC Foods

2-Month Performance: 51% | Previous Close: Rs 1.13

Filatex Fashions

2-Month Performance: 41% | Previous Close: Rs 0.24

NCL Research & Financial Services

2-Month Performance: 38% | Previous Close: Rs 0.58

Tilak Ventures

2-Month Performance: 32% | Previous Close: Rs 1.15

Genpharmasec

2-Month Performance: 31% | Previous Close: Rs 1.22

Gennex Laboratories

2-Month Performance: 31% | Previous Close: Rs 12.27

Titan Intech

2-Month Performance: 27% | Previous Close: Rs 0.95

Ashnisha Industries

2-Month Performance: 26% | Previous Close: Rs 4.34

Thinkink Picturez

2-Month Performance: 25% | Previous Close: Rs 0.20

Virtual Global Education

2-Month Performance: 23% | Previous Close: Rs 0.58

Visagar Financial Services

2-Month Performance: 20% | Previous Close: Rs 0.36