New Delhi, Aug. 27 -- Stock to buy for multibagger returns: Cellecor Gadgets share price fell 3.33% on Thursday, 27 August, in line with the weakness in the stock market today.

However, amid the decline, an independent equity research firm, LNPR Capital, a SEBI-registered research analyst, has initiated coverage of the consumer electronics company with a 'Buy' rating and a 12-month target price of Rs.90 per share, implying a potential upside of around 161%.

The brokerage believes Cellecor Gadgets is being valued more like a small-cap trading business despite its evolution into a capital-light consumer brand and distribution platform.

According to the research firm, the company's revenue has compounded at around 70% annually over the la...