Pearl Global Industries raised Rs 149.50 crore via QIP from investors like HDFC, HSBC, ICICI Prudential, and Goldman Sachs Fund. They issued 20,45,143 shares at Rs 731.00 each, totaling 45,642,367 shares. Funds will support debt repayment, working capital, sustainable products, ESG initiatives, and growth. PGIL operates facilities in India and four other countries.

Pearl Global Industries raises Rs 149.5 cr through QIP issue

Pursuant to the allotment, the paid up equity share capital of the company stands increased to Rs 22,82,11,835/- consisting of 4,56,42,367 equity shares of Rs 5/- each.

Corporate

Pearl Global Industries allots 20.45 lakh equity shares under QIP issue

Pearl Global Industries surged 9.47% to Rs 832 after HDFC Mutual Fund acquired about 1.6% stake in the company through block deals on Monday, 15 July 2024.

Spotlight

Pearl Global spurts after HDFC MF buys stake

Pearl Global Industries consolidated net profit rises 104.03% in the December 2022 quarter

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Pearl Global Industries consolidated net profit rises 21352.94% in the June 2022 quarter

Shareholders of Faze Three, Aurobindo Pharma, INEOS Styrolution India, Pearl Global Industries, India Motor Parts and Accessories, Kansai Nerolac Paints, Welspun Corp, Craftsman Automation, Elecon Engineering Company, Asian Paints and Shree Digvijay Cement Company should keep an eye next week as the…

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The wholly owned subsidiary at Hong Kong namely, Pearl Global (HK) Limited has acquired 9,00,860 equity shares representing 52.11% equity capital of Bangladesh based, Alpha Clothing Limited.

Pearl Global Industries acquires Alpha Clothing through its wholly-owned Hong Kong subsidiary

Pearl Global Industries Ltd, Omax Autos Ltd, Shanti Educational Initiatives Ltd and Hindusthan National Glass & Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 05 April 2022.

GTL Ltd leads losers in ‘B’ group

Shareholding pattern for this company released on Thursday suggested Agrawal held 7,50,000 shares, or 3.46 per cent stake, in Pearl Global Industries at the end of December quarter

Mukul Agrawal hikes stake in smallcap that’s up 46% this month

Menon Bearings Ltd, Pearl Global Industries Ltd, Orbit Exports Ltd and Apex Frozen Foods Ltd are among the other gainers in the BSE’s ‘B’ group today, 12 January 2022.

The Byke Hospitality Ltd leads gainers in ‘B’ group

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced and in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Pearl Global Industries Limited is engaged in manufacturing and exporting of readymade garments. The Company's segments include manufacturing; marketing, distribution, sourcing and trading, and branding and retailing.