Pearl Global hits record high, up 12%, as Motilal Oswal initiates Buy with Rs 2,300 target
Pearl Global Industries surged 12.11% to a record Rs 2,115 after Motilal Oswal began coverage with a Buy rating, citing multi-country capacity build-out across India, Bangladesh, Vietnam and Indonesia. Brokerage models 14% revenue, 25% EBITDA and 29% APAT CAGR through FY26-28. Gokaldas, Indo Count and Arvind also rated Buy.
What happened
Pearl Global Industries shares hit record high, up 12%, after Motilal Oswal initiated 'Buy' coverage with Rs 2,300 target, citing capacity expansion across
Key facts
- +12.11%
- Rs 2,115 high
- Rs 2,077.85
- +30.09% YTD
- TP Rs 2,300
- 14% revenue CAGR
- 25% EBITDA CAGR
- 29% APAT CAGR
Why this matters
With peers Gokaldas, Indo Count and Arvind also rated Buy, the apparel export consolidation window is opening — strategic tuck-ins across geographies should be on the table now.