Dividend, Stock Split Likely Tomorrow: Small Cap Apparel Stock Soars 224% YTD

Board of small cap stock operating in apparels sector Pearl Global Industries are scheduled to meet tomorrow (November 8, 2023) to consider and approve unaudited financial results for the quarter ended September 30, 2023, 2nd interim dividend, and sub-division/stock split of equity shares. Pearl Global Industries shares soared 224% year-to-date (YTD) and offered return of 712% in last 3-years.

It is worth noting that ace investor Mukul Agarwal has stake of 3.46% in Pearl Global Industries and holds a total of 7,50,000 shares with a net worth of Rs 101.9 crore of the company as of September 30, 2023. Check details below:

Pearl Global Industries To Consider Financial Results, Dividend, Stock Split Tomorrow: According to the BSE filing of the company issued on October 18, 2023, "Pursuant to Regulation 29 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that a Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, November 08, 2023, inter-alia to consider, approve and take on record the following:

1. Unaudited Financial Results (Standalone & Consolidated) for the quarter and half year ended September 30,2023.
2. Second interim dividend for the financial year 2023-24.

3. Proposal for sub-division/split of Equity Shares of face value of Rs. 10/- each of the Company in such manner as the Board may determine."

Pearl Global Industries Stock Outlook & Return: Current market price of Pearl Global Industries stock on BSE is Rs 1356.00 per share with intraday gain of 2.70%. Pearl Global shares touched lower circuit on October 31. Pearl Global has a market capitalisation of Rs 2,885.64 crore. Pearl Global stock offered return of 194% in last 6-months, gained 211% in last 1-year, soared 337% in last 2-years, and offered return of 712% in last 3-years. In last 5-years, Pearl Global shares soared 841%.

Disclaimer

The stock just highlights the dividend, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.