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Stock to buy: Shares of Pearl Global Industries Limited ended higher on Friday after hitting a fresh 52-week high earlier in the trading session. The recent rally in the textile stock came a day after the apparel exporter announced fresh growth targets for FY30 and outlined its roadmap for the coming years.Citing the growth potential, PL Capital upgraded its rating for Pearl Global Industries stock to ‘buy’ from ‘Accumulate’ and raised the target price. The Zara, Ralph Lauren and Calvin Klein supplier is seeing steady progress across geographies, with Bangladesh remaining pivotal for future growth.Pearl Global Industries' share price outlookThe company's newly announced growth plan has brought fresh optimism around the stock. The brokerage sees a double-digit growth in PGIL profit over FY26-29E. The company’s revenue is likely to grow nearly 17% over the period. Operating leverage and backward integration are likely to boost EBITDA margins.“PGIL is progressing ahead of its previously outlined targets across key operating parameters. The company is likely to achieve its INR60bn revenue target before FY28E, while garment capacity is expected to reach above ~115mn pieces by FY27,” stated PL Capital in its report released on Friday.Pearl Global share price recommendationPL Capital upgraded to ‘buy’ for Pearl Global Industries Limited (PGIL) export with a target price of ₹1,500 apiece.“We roll forward our estimates to FY29E while factoring in the newly announced growth plans. We expect revenue/EBITDA/PAT to grow 17%/31%/35% over FY26-29E. EBITDA margins are estimated to reach 12.8%, driven by operating leverage and backward integration. We value the stock at 24x Sep’28E with a TP of INR1,500 (earlier INR1,167). Upgrade to ‘BUY‘ from ‘Accumulate’,” stated the brokerage in its report.Pearl Global share price trendThe stock touched a fresh 52-week high of ₹1,353 apiece on Friday, September 25, 2026. The textile stock closed 4.15% higher at ₹1327.85 per share on BSE with an Mcap of ₹12,266.82 crore on Friday. Its return on equity (ROE) stood at 9.92%.Its share price has surged close to 85% over six months and around 103% in one year. The stock has delivered a 200% return in two years, a 438% return in three years, and a 1,689% return in five years, as per BSE data on September 25, 2026.Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions.
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