Five penny stocks with exceptional promoter backing. Should you bet on these?

livemint.com:

Penny stocks are considered risky and speculative, but they also offer tremendous opportunities for investors. Some of the penny stocks are backed by exceptional promoters who are owners with high stakes and have unwavering confidence with a track record of success. The promoters of these companies signify not just financial muscle, but also quality management, a clear vision, and unwavering commitment to shareholder value.

Keeping that in mind, here are the top 5 penny stocks with exceptional promoter backing. AVT Natural Products is a leading manufacturer of plant-based extracts and natural ingredient solutions, serving the food, beverage, animal nutrition, and nutraceutical industries globally. The company has a diversified portfolio of products, including marigold oleoresins, spice oleoresins, essential oils, instant tea, and animal feed supplements.

AVT is trusted by some of the world’s leading food, cosmetics, and feed companies. In financial year 2023, the company posted a revenue of ₹5.8 billion (bn), a marginal growth of 4% YoY. As of September 2023, the company's promoters hold 75% of the shares in the company.

The promoters of AVT Natural Products are part of the AV Thomas Group, which has a rich legacy of over eight decades in the fields of agriculture, plantations, and natural products. The group has a strong presence in the domestic and international markets and has established a reputation for quality and innovation. The promoters bring their expertise, network, and resources to AVT Natural Products, which gives it a competitive edge in the industry.