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The current market buzz around Pearl Global counter is that the company may rope in a strategic partner. The stock opened trading at the 5 per cent upper circuit at Rs 95.05 on the BSE on Friday.

According to grapevine, the company has chalked out an elaborate plan for its retail foray in the country. The proposed stake sale, estimated to be just short of 50 per cent of an expanded capital base, is related to the new business plan. In expectation of rollout of its growth plan shortly, the stock has gained 23 per cent in the last one week.

Dealers said there had been hardly any supply in the counter of late, while the demand remained very strong forcing the price surge.

Jayanta Mallick

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