Archive · 25 Sep 2026
PL Capital Upgrades Pearl Global as Stock Hits Fresh High
Pearl Global Industries makes clothing for brands such as Zara, Ralph Lauren and Calvin Klein.
Its shares recently rose to a new one-year high.
An investment firm called PL Capital now recommends buying the stock.
PL Capital raised its price target to ₹1,500 per share.
The firm believes Pearl Global’s sales and profits can grow strongly through FY29.
Pearl Global wants to reach ₹60 billion in revenue before FY28.
It also plans to increase its clothing-making capacity to more than 115 million pieces by FY27.
The company says its growth will be supported by operations in different countries, including Bangladesh.
The article says the stock has produced very large returns over the past five years, though its headline and body give slightly different figures.
PL Capital upgraded Pearl Global Industries from “Accumulate” to “Buy” and raised its target price to ₹1,500 per share.
The brokerage expects revenue, EBITDA and profit after tax to grow 17%, 31% and 35%, respectively, between FY26 and FY29.
Pearl Global aims to reach ₹60 billion in revenue before FY28 and garment capacity above approximately 115 million pieces by FY27.
Shares reached a 52-week high of ₹1,353 and closed 4.15% higher at ₹1,327.85 on the BSE on September 25, 2026.
The article reports five-year returns of 1,689%, while its headline cites a 1,670% return; the stock has also gained about 85% in six months and 103% in one year.
- Who
- Pearl Global Industries Limited and PL Capital.
- What
- PL Capital upgraded Pearl Global’s stock recommendation to “Buy” and raised its target price to ₹1,500.
- When
- The announcement and market reaction were reported on Friday, September 25, 2026.
- Where
- The shares traded on the BSE; Bangladesh was identified as important to the company’s future growth.
- Why
- PL Capital cited Pearl Global’s growth plans, expected earnings growth, operating leverage and backward integration.
- Brokerage recommendation
- Upgraded from “Accumulate” to “Buy” by PL Capital.
- Target price
- ₹1,500 per share, raised from ₹1,167.
- 52-week high
- ₹1,353 per share.
- Closing price
- ₹1,327.85, up 4.15% on the BSE.
- FY26-FY29 expected growth
- Revenue 17%, EBITDA 31% and profit after tax 35%.
- Revenue target
- ₹60 billion before FY28.
- Capacity target
- More than approximately 115 million garment pieces by FY27.