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Why is a nudge displayed saying that the {instrument} is a risky penny stock. Be cautious?

Zerodha warns the clients about the stocks that are considered risky penny stocks, and that might be used for stock market scams such as phishing. To learn more about phishing scams, see

The instruments are considered risky penny stocks based on market capitalisation and several other factors. The following nudge is displayed to alert the users about such stocks: