Pearl Global Industries surges on expanding Indonesia facility
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Pearl Global Industries is currently trading at Rs. 423.35, up by 1.55 points or 0.37% from its previous closing of Rs. 421.80 on the BSE.
The scrip opened at Rs. 423.95 and has touched a high and low of Rs. 428.10 and Rs. 415.80 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 615.05 on 30-Aug-2022 and a 52 week low of Rs. 327.25 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 431.15 and Rs. 409.85 respectively. The current market cap of the company is Rs. 923.43 crore.
The promoters holding in the company stood at 66.58%, while Institutions and Non-Institutions held 6.41% and 27.01% respectively.
Pearl Global Industries has expanded its Indonesia facility. This new facility has been built on the land acquired in the year 2021 for expanding operations and the new facility replaces the one old facility which was on lease.
Total capacity after new facility is 35% plus higher compared to earlier lease facilities in Indonesia. New facility will be able to manage more complex processes, which will help the company to deliver more value-added products to the clients, which shall result in improved per piece realizations.
Pearl Global Industries is an end-to-end clothing vendor and supplier with a presence across the globe.
