This logistics stock is trading at a 40% discount to the high, buys for 118% upside
Gati Ltd is a logistics-focused small cap with a market capitalization of ₹1,631 crores. On the NSE, shares of Gati Ltd hit a 52-week high of ₹221.90 on Jan 18, 2022 and a 52 week low of ₹120.00 on August 23, 2021, implying the stock is now trading at a 40% discount to its 52-week high of ₹132 per share. ICICI Securities issued a call to buy on Gati with a target price of ₹288. This represents a potential increase of 118% from the current level.