In the last three months, 12 penny stocks delivered impressive gains ranging from 20% to 318%, with three turning into multibaggers. We identified these outperformers using specific filters: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares. This approach helped spotlight low-priced, actively traded micro-cap stocks showing strong upward momentum.