{"id":83051,"date":"2023-01-12T16:30:00","date_gmt":"2023-01-12T11:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=83051"},"modified":"2023-01-12T16:08:15","modified_gmt":"2023-01-12T10:38:15","slug":"small-cap-stock-to-buy-now-for-an-upside-of-up-to-50-icici-securities","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-to-buy-now-for-an-upside-of-up-to-50-icici-securities\/","title":{"rendered":"Small cap stock to BUY now for an upside of up to 50%; ICICI Securities"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2128929872\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>One of India\u2019s largest apparel export company <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GOKEX\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Gokaldas Exports Limited (GEL)<\/a><\/strong> is a multibagger stock in which two brokerages see an upside of up to 60%. The company designs, manufactures and sells a wide range of garments for men, women and children. It caters to the needs of leading international fashion brands and retailers.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2308879353\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Despite declining demand from Europe and China, the company witnessed a sharp 23% increase in its shipments in the September quarter. It focused on the US market, which is still resilient as compared to Europe and China.&nbsp;<\/p><p>It reported a consolidated total income of \u20b9 576.32 crores, up 29.22% as compared to \u20b9 446.00 crores in the corresponding quarter last year.&nbsp;<\/p><p>The Bengaluru-based garment exporter has delivered multibagger returns of 381.71% in the past three years. If an investor would have invested \u20b9 1 lakh in the company\u2019s shares three years ago, the value of their holdings would have been \u20b9 4.82 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2271338598\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-emkay-global\"><strong>Emkay Global\u00a0<\/strong><\/h4><p>Emkay Global Financial Services has a buy call on GEL\u2019s shares with a target price of \u20b9 575.00. Its shares were trading at \u20b9 381.20 apiece at 03:23 PM on Thursday, and the given target implies an upside of 50.84%.&nbsp;<\/p><p>The brokerage said that the GEL is the major medium beneficiary of development in the MMF ecosystem in India. The company continues to expand its woven capacity and has entered the knitting space too, making it India\u2019s best garments player.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>ICICI Securities\u00a0<\/strong><\/h4><p>ICICI Securities has a buy rating on the shares of Gokaldas exports with a target price of \u20b9 560. This implies an upside of 46.90% as compared to its share price.&nbsp;<\/p><p>The brokerage said that the company under its new management has witnessed significant changes including marquee client additions, a richer product mix, higher margins and so on, leading to robust returns for shareholders.&nbsp;<\/p><p>\u201cWe believe, India \u2013 with its stable economy, abundant cotton availability, cheaper labour vs China and control over covid \u2013 is well placed to wrest a chunk of apparel market share from China and other competitive economies. Hence, India\u2019s textile and apparel industry stands to benefit in the medium term,\u201d it said.<\/p><p>Further, it said that the government of India signing of FTAs with various countries (UK FTA likely in H1CY23) and incentive schemes is likely to boost the domestic textile ecosystem and catalyse further growth.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3659950066\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1393766465\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>One of India\u2019s largest apparel export company Gokaldas Exports Limited (GEL) is a multibagger stock in which two brokerages see an upside of up to 60%. The company designs, manufactures and sells a wide range of garments for men, women and children. It caters to the needs of leading international fashion brands and retailers.\u00a0 Despite [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3464,2660,3872,3913,3912,2838,2659,2978,5447,5214,5213,948,3153,2597],"class_list":["post-83051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-india","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibaggers","tag-small-cap","tag-small-cap-2023","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-watch","tag-stock-market","tag-stock-to-buy","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock to BUY now for an upside of up to 50%; ICICI Securities - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"One of India\u2019s largest apparel export company Gokaldas Exports Limited (GEL) is a multibagger stock in which two brokerages see an upside of up to 60%. 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