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Mukul Agrawal’s portfolio stock acquires brand intellectual property of Little Mistress!

20 September 20232 mins read by Angel One
Shares of the company gained over 30% in the last six months.
Mukul Agrawal’s portfolio stock acquires brand intellectual property of Little Mistress!
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PDS Limited, a global fashion solutions company, is expanding its portfolio with customized offerings, such as sourcing as a service and brands management. In line with this strategy, PDS’s UK-based vertical Poeticgem has acquired the brand intellectual property (IP) of Little Mistress.

Established in 2010, Little Mistress has built a reputation as a go-to destination for occasion wear, offering hand-embellished designs and feminine details in luxurious fabrics. The fashion house creates a wide range of womenswear – from bridesmaid dresses to casual everyday looks.

Poeticgem will now own various brands under Little Mistress, and will design, source, and distribute the Little Mistress portfolio of brands worldwide. This transaction underscores Poeticgem’s commitment to delivering high-quality fashion experiences across the fashion value chain to its global customers.

PDS Limited is a global fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution for major brands and retailers worldwide handling over $2 billion of Gross Merchandise Value. PDS also offers a bespoke end-to-end outsourcing solution, engaging dedicated talent and infrastructure as an extended arm of retailers and brands. Ace investor Mukul Agrawal owns a 2.73% stake in the company.

Today, the stock opened at Rs 432.05, with a high and low of Rs 443.30 and Rs 426.50 respectively. The stock ended the trading session at Rs 442.45, up by 0.49%. In the last 6 months, the shares of the company have given more than 30% returns, and on a YTD basis, the stock has given about 25% returns.

The stock has a 52-week high of Rs 484.05 and a 52-week low of Rs 282.00. The company has a ROCE of 24.2% and an ROE of 24.7%. It is also important to note that in FY23, the company posted a revenue of about Rs 10,577 crore. While the company’s market capitalisation stands at Rs 5,716 crore.

The stock has shown impressive growth and investors should keep a close eye on this stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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