This Small Cap Stock Gave Over 500% Return In 3 Yrs, Geojit Says Buy For 21% Upside

Geojit has placed a "Buy" on LT Foods Ltd. with a target price of Rs 120 apiece. The brokerage claims a potential upside of up to 21% if purchased at the current market price. LT Foods is a small cap stock from the Packaged Foods sector having a market capitalisation of Rs 3,444.75 crore. Check below to know more:

Current Market Price, 52 Week Low/High, Returns

The last traded share price of LT Foods is Rs 99.20 apiece, up 2.59% from its previous close. The stock traded 52 week low on 20 June 2022 at Rs 66.50 apiece and 52 week high on 27 October 2022 at Rs 135.85 apiece, respectively.

It has given 1.75% positive return in 1 year. It has fallen 0.7% in 1 month and 12.83% in 3 months, respectively. In 1 year it gave a 32.09% positive return. In the past 3 years, it has given a robust 504.88% positive return. In 5 years it gave a 13.31% positive return.

Strong revenue growth, margin to recover..., buy for Rs 120/share Target price

Geojit has said, "LTF's consistent efforts on strengthening the brands, widening distribution, and region & product diversification through organic & inorganic routes have been the strategy for growth. The margin is gradually recovering due to reduction in costs and higher volumes. We value LTF at 8x FY25E (5Yr avg=8x) and arrived at a target of Rs. 120, (earlier Rs.132) upgrade to BUY rating due to recent correction in stock price."

About - LT Foods Ltd.

LT Foods (LTF) is a global consumer specialty company with an explicit focus on Basmati rice, Organic Foods and Rice based Convenience Products. LTF is having a presence in more than 60 countries with significant regional exposure in the US, Europe, and the Middle East.

Disclaimer

The stock has been picked from the brokerage report of Geojit. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.