Archive · 25 Sep 2026
Pearl Global Shares Rise After Buy Rating, Target Hike
Pearl Global makes clothing, and its shares rose on Friday.
The increase followed a positive rating from MOFSL.
MOFSL kept its Buy recommendation and raised its expected share price to Rs 1,500.
The brokerage believes the company may reach its sales goal earlier than planned.
Pearl Global wants to increase how many clothing pieces it can produce.
It also plans to spend money on new capacity and laundry facilities in Bangladesh.
These laundry facilities could help the company earn slightly better margins.
MOFSL expects Pearl Global’s revenue and profits to grow in the next two financial years.
Pearl Global Industries shares rose 6.12% to a high of Rs 1,353 on Friday from a previous close of Rs 1,274.95 on the BSE.
MOFSL retained its Buy rating and raised the target price to Rs 1,500 from Rs 1,360.
MOFSL said Pearl Global could achieve its FY28 revenue target of Rs 6,000 crore ahead of schedule.
The company plans to expand capacity from about 108 million pieces currently to 170-175 million pieces by FY30.
Pearl Global plans Rs 675-725 crore in total capex through FY30 and aims to reduce outsourced washing through laundry facilities in Bangladesh.
- Who
- Pearl Global Industries and MOFSL.
- What
- Pearl Global shares rose after MOFSL retained its Buy rating and raised its target price.
- When
- Friday; the financial forecasts cover FY27, FY28 and FY30.
- Where
- Shares traded on the BSE; the company’s planned laundry facilities are in Bangladesh.
- Why
- The rating and target-price increase followed an analyst meeting, while expected revenue growth, capacity expansion and lower reliance on outsourced washing supported the positive view.
- Share price move
- Shares rose 6.12% to Rs 1,353 on Friday.
- Previous close
- Rs 1,274.95 per share on the BSE.
- MOFSL rating
- Buy, retained after the analyst meeting.
- Revised target price
- Rs 1,500, up from Rs 1,360.
- Revenue target
- Rs 6,000 crore for FY28, with a target of Rs 9,000-10,000 crore by FY30.
- Capacity plan
- Increase from around 108 million pieces currently to 120-140 million by FY28 and 170-175 million by FY30.
- Planned capex
- Rs 675-725 crore through FY30, including Rs 325-350 crore for capacity expansion.