Buy 2 Mid Cap, Small Cap Luggage Sector Stocks for Up To 42% Return: Anand Rathi

Anand Rathi has assigned buy call on 2 small cap and mid cap plastics sector stocks namely Safari Industries (India) Ltd and VIP Industries as both the stocks showing potential to soar. If you buy these 2 stocks now, you can get potential return of 42%. Check details below:

1. Buy Safari Industries (India): Anand Rathi has assigned buy call to Safari Industries share with target price of Rs 2750 per share. If you buy Safari Industries share now, you can potentially obtain 25% return. Last trading price of Safari Industries is Rs 2195.20 per share. The stock's 52-week high price is Rs 2279.00 per share and 52-week low price is Rs 817.90 per share, respectively. The company's market capitalisation is Rs 5205.10 crore.

Buy VIP Industries: If you buy VIP Industries share now, you can expect to receive likely return of 43%. Anand Rathi has assigned buy call to VIP Industries stock with target price of Rs 850 per share. Last trading price of VIP Industries on BSE is Rs 597.50 per share. The stock's 52-week high price is Rs 764.35 per share and 52-week low price is Rs 506.00 per share. Its market capitalisation is Rs 8,463.90 crore.

Valuation: According to Anand Rathi, "Safari has returned 30% ytd due to its highest EBITDA margins in Q3 and 9M FY23 (higher than VIP) and continuous market-share gains, whereas VIP was down 13%. We believe VIP should catch up and can offer better returns (46%) than Safari (25%) since its renewed focus on the mass category, doubling of its international business, further growth from Caprese and self-sufficiency in its own manufacturing would boost its revenue growth and margins."

Disclaimer: The stocks have been picked from the brokerage report of Anand Rathi. 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 check with certified experts before taking any investment decision.