Mukul Agrawal's small-cap multibagger to announce stock split for the first time ever; watch out!

Mukul Agarwal's Backing Proves Wise, Stock Poised for Growth, Chart Looks Bullish, Consolidation Ahead of Breakout?

Pearl Global Industries Limited is planning to release its unaudited financial results for both the standalone and consolidated quarters and half-year ending on September 30, 2023. The company is also considering a second interim dividend for the financial year 2023-24.

Additionally, the company is contemplating a proposal for the sub-division or split of its equity shares with a face value of Rs. 10 each. The company is actively exploring avenues to raise funds by issuing securities, both convertible and non-convertible, with or without warrants.

The company is backed by ace investor Mukul Agarwal with the stake up to 3.46 per cent. The stock has witnessed remarkable gains, with an impressive 22.87 per cent return over the past month, and a striking 89.51 per cent increase over the last three months. Over a one-year period, the stock has gained a substantial 206.33 per cent, indicating consistent growth. This remarkable performance extends to the medium and long terms, with a staggering 699.72 per cent return over three years and an astounding 844.48 per cent increase over the past five years. Mukul Agarwal's backing of Pearl Global Industries Limited has undoubtedly proven to be a wise investment, and the stock's exceptional growth underscores its potential as a strong performer in the market.

The company has delivered good profit growth of 87.1 per cent CAGR over last 5 years where it also impressed investors by maintaining a healthy dividend payout of 23.4 per cent. By analysing working capital area, it seems debtor days have improved from 50.2 to 36.5 days and company's working capital requirements have reduced from 77.8 days to 58.2 days.

Talking about chart of PGIL, the price broken a rounding bottom chart patten in month of August, after that the stock sky rocketed and given a substantial return to the investor. Currently it looks like the price is consolidating and trying to create a flag or a peanut chart pattern to breakout again. It is worthless to talk about pattern until it forms fully. Let’s wait and watch for this week’s fundamental development and what difference it makes in price.

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