With a rally of almost 20% in the S&P 500 index, investors need to be cautious. It makes sense to wait for a correction in blue-chip or growth stocks that have skyrocketed.
At the same time, there are several names that haven’t participated in the rally or remain attractively valued even after an upside. This column focuses on such undervalued penny stocks that are poised for multi-bagger returns.
Let’s discuss the reasons to be bullish on these three undervalued penny stocks.
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