Multibagger: Pearl Global Industries stock zooms 220% in 6 months; up 737% in 3 years
Pearl Global Industries shares have been performing exceptionally well on Dalal Street, rewarding their shareholders massively in a relatively short period of time. In just three months, the stock more than doubled investors' wealth by delivering a return of nearly 121%. Over the last six months, the stock has seen a significant increase in value, climbing from ₹438 apiece to ₹1,404, generating a return of 220%.
This recent rally in the stock has resulted in a massive return of 358% in the last two-year period and 737% in the last three years. In addition, from its CY20 low of ₹82.50, the stock has skyrocketed 1600% to date. Impressively, since its listing in CY12, the stock has closed only two years with negative returns.
The current year has been outstanding, with the stock surging by 239% so far, marking its most substantial yearly gain since its listing. Established in 1989, Pearl Global is a vendor to most leading global brands, offering total supply chain solutions to customers. The company’s product range includes denims, casual wears, formal wear, knits, wovens, and bottoms across men’s, women’s, and children’s wear segments.
It caters to a diverse range of customers, from high-end fashion brands to large retailers and mass-market brands. The company has a diversified and de-risked manufacturing base across India, Indonesia, Bangladesh, and Vietnam, along with an office set up in Spain for marketing purposes. With a total capacity to manufacture around 80 million garments per year, Pearl Global generates more than 61% of its revenue from exports to the United States, serving premium retailers like GAP, Kohl’s, Macy’s, Walmart, Nordstrom, Ann Taylor, Chico’s, and Target Australia, among others.
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