New Delhi, March 23 -- At a time when the Indian stock market is witnessing a sharp selloff, gripped by inflation fears, macroeconomic and earnings stress amid skyrocketing crude oil prices due to the West Asia conflict, several penny stocks are quietly making money for their investors.

Often considered among the riskiest bets in the stock market, penny stocks are generally defined as those with lower stock prices and even lower liquidity. Retail investors often gravitate towards them amid the promise of making a quick buck. However, these scrips can also emerge as traps due to low liquidity and poor disclosures by these companies.

That said, certain penny stocks below Rs.10 have managed to defy the recent market slump and managed to ma...