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Pearl Global Industries hits 52-week high after FY30 growth targets
The company said it has FY30 growth targets, and PL Capital raised its rating to Buy with a ₹1,500 target price.
Pearl Global Industries shares climbed to a fresh 52-week high on Friday, September 25, following brokerage calls after an analyst call meet, according to LiveMint Markets.
The rally came a day after the textile and apparel exporter outlined new growth targets for fiscal year 2030, along with a roadmap for the coming years, the outlet said.
PL Capital upgraded its rating on Pearl Global Industries to Buy from Accumulate and increased its target price to ₹1,500, LiveMint Markets reported.
The brokerage expects double digit profit growth for FY26 to FY29 estimates and projects revenue growth of nearly 17%, citing operating leverage and backward integration as drivers for EBITDA margin improvement.