According to Trendlyne data, several debt-free penny stocks priced under Rs 10 have achieved remarkable returns of up to 1,126% over the past year. This performance stands out amid generally weak broader market conditions. The sharp gains appear to be driven primarily by increased liquidity and positive market sentiment. Nonetheless, these stocks carry significant risks, including weak earnings, low market capitalisation, and volatile price movements. Investors should exercise caution when considering such stocks, as their underlying fundamentals may not support sustained growth. Debt-free penny stocks priced under Rs 10 have delivered outsized returns of up to 1,126% over the past year, despite weak broader markets.