House of Pearl Fashions

Economic Times published a news article on House of pearl Fashions.

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MUMBAI: Apparel firm House of Pearl Fashions Ltd said it was looking at more joint ventures in Europe to expand in that market, a senior official told television channel NDTV Profit. "We are in talks with a few companies..and it should materialize over the next quarter or so," Chief Financial Officer Rishi Vig said. The company owns 60 percent in a retail joint venture with European brand Lerros and plans to open 15 stores locally under the brand in FY09, he said. But it would take a couple of years for Lerros to contribute to the bottomline, Vig added. House of Pearl is also looking to double capacity in Indonesia and expand capacity in Bangladesh, Vig said. Shares were up 7.44 percent at 117.70 rupees in a weak Mumbai market. ET........ MY TAKE ON THE COMPANY :::: I have been eyeing this stock for quite some time. The strong Dollar should boost margins substantially and the Company should post a Big jump in their September Quarter numbers. the Company has been proactive of late in expanding their markets. Remember, this company came with an IPO priced at 625!!!! Long term investors can consider accumulating this stock. Best of luck, Srikanth Shankar Matrubai.