Pearl Global: Riding the Textile Tailwinds

1 Jul

PGIL is a solid pick at these levels in my opinion. Fundamentally we are seeing the story turn around for the textile sector and hence textile companies are on radar for me.

Pearl Global has also come out of a solid consolidation and can be looked at with Stop Loss at 680-715. I feel this can be a great performer in the coming days as we continue to see tailwinds in this sector.

I will not be surprised if it doubles from the breakout levels in 6-8 months.