Heavy buying and FIIs increase stake: Mukul Agrawal gains Rs 4,61,25,000 in this multibagger stock in just one day; gains over 550 per cent!

Shares of the company gained over 200 per cent in the last one year.

Shares of Pearl Global Industries Limited gained about 5 per cent on Friday. The stock witnessed heavy buying activity from investors on Friday. Ace investor Mukul Mahavir Agrawal holds a 3.46 per cent stake in the company. The company reported robust Quarterly Results for Q2FY24, with revenue increasing by 11.65 per cent YoY to Rs 960.59 crore. The operating profit grew by 40.95 per cent on a YoY basis and PAT increased 50.53 per cent YoY to Rs 38.96 crore.

Ace investor Mukul Mahavir Agrawal made a killing on Friday, gaining over Rs 4.61 crore in profit on his 7,50,000 shares in Pearl Global Industries, which soared by Rs 61.50 per share. The stock has also delivered multibagger returns of over 550 per cent in the past three years.

Pearl Global Industries Limited was incorporated in 1987. Pearl Global Industries Limited (PGIL) is a garment exporter, manufacturing from multiple sourcing regions within India and countries within South Asia. The product range includes knits, woven, and bottoms across men's, women's, and kids' wear segments.

PGIL has established a geographically strong manufacturing base in the leading global apparel export hubs of India, Bangladesh, Vietnam, and Indonesia. Further, in the current fiscal, PGIL has also diversified its manufacturing base in Guatemala, Central America through its subsidiary. Additionally, FIIs increased their stake in the company in September 2023.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.