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.
Pearl Global Industries shares hit record high, up 12%, after Motilal Oswal initiated 'Buy' coverage with Rs 2,300 target, citing capacity expansion across India, Bangladesh, Vietnam, Indonesia. MOFSL also rated Gokaldas, Indo Count and Arvind 'Buy'.