Add these four fundamentally strong stocks under ₹100 to your 2026 watch list

Subscribe to enjoy similar stories. Looking to invest in the stock market but don’t want to risk a big amount? Penny stocks, or shares priced under ₹100, often attract investors for this very reason. These lesser known and highly volatile stocks sometimes deliver outsized returns.

But as the saying goes, high returns come with high risks. That’s why penny stocks tend to appeal more to aggressive investors who also have the stomach to handle sharp swings. While many penny stocks are too risky to invest in, a few stand out with solid fundamentals and stable business models.

Tracking such names early can open the door to potential long-term opportunities. Here are four fundamentally strong penny stocks worth watching. The company provides end-to-end business process management (BPM) and revenue cycle management (RCM) services for the healthcare industry Its clients are mainly US health insurance companies, hospitals, physicians, and diagnostic centers.

In FY25 revenue increased 17.2% from the previous year. Revenue in dollar terms increased 14.9%. Ebitda (operating profit) increased 28.4% year-on-year, while Ebitda in dollar terms increased 25.9%.

Net profit increased 37.5%, or 34.8% in dollar terms. A big positive was the reduction in net debt from ₹2,170 crore in FY24 to ₹1,040 crore in FY25. Net debt to adjusted Ebitda fell from 1.9 (quite high) in FY24 to 0.7 (reasonable).

In fact, the company has delivered solid financial performance over the past three years. From FY23 to FY25, revenue increased at a compound annual growth rate (CAGR) of 14.9%, and profit at a CAGR of 93.8%. Its three-year average return on capital employed (ROCE) stands at 12.4%.