Now Reading: Motilal Oswal recommends Pearl Global, Indegene for September 28 week
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Motilal Oswal recommends Pearl Global, Indegene for September 28 week
Motilal Oswal recommends Pearl Global, Indegene for September 28 week
Motilal Oswal Wealth Management has recommended Pearl Global and Indegene as top stock picks for the week starting September 28. Pearl Global (CMP Rs 1,318, target Rs 1,500) offers 14% upside. The…
Motilal Oswal Wealth Management has recommended Pearl Global and Indegene as top stock picks for the week starting September 28. Pearl Global (CMP Rs 1,318, target Rs 1,500) offers 14% upside. The company plans to raise its manufacturing capacity from 108 million pieces to 120-140 million by FY28 and 170-175 million by FY30, backed by a total capex of Rs 6.75-7.25 billion through FY30.
Indegene (CMP Rs 608, target Rs 708) has 16% upside potential. The firm benefits from rising pharma outsourcing as drug pipelines expand and regulatory pressures grow. Its integrated platform covers clinical, regulatory, medical and commercial operations. Motilal Oswal has upgraded Indegene to a 'buy' rating, estimating 19% revenue CAGR over FY26-28 and EBITDA margin recovery to 19-20% by the fourth quarter of FY27.
Indian Opinion Analysis
These two recommendations from Motilal Oswal's wealth desk target different risk profiles. Pearl Global, an apparel manufacturer, is betting on a capital-intensive capacity expansion that hinges on achieving 80% utilisation rates, a threshold the garment sector has found challenging during demand slowdowns. Indegene, a healthcare IT services firm, rides the structural trend of pharmaceutical companies outsourcing non-core work, a sector where Indian firms hold a strong competitive advantage. The 38% PAT CAGR forecast for Pearl Global and the 27% figure for Indegene are both aggressive, factoring in margin expansion that quarterly results will need to confirm. Investors should watch for the company's next quarterly earnings release in late October to see if revenue growth is tracking these projections.
Source: timesofindia.indiatimes.com
This brief was synthesised by AI from the source linked above.
