India's PDS rises after signing sourcing contract with France-based retail group
BUZZ-India's PDS rises after signing sourcing contract with France-based retail group ** Shares of PDS Ltd PDSL.NS up about 8% at 387.25 rupees apiece--on track for biggest percentage gain since December 19, 2025
** Stock up for fourth straight session of gains
** Co enters Sourcing-as-a-Service (SaaS) contract with global sourcing arm of France-headquartered global supermarket to manage and operate textile sourcing operations across Bangladesh, Pakistan, India, Sri Lanka, and Turkey
** Expects to manage apparel sourcing worth over US$250 mln annually in shipment value
** Technical indicators show stock enters "overbought" category, RSI at 71.1
** Stock's F12M PE at 36.67 vs industry median of 27.89--LSEG-compiled data
** YTD, stock up 3.86%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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India's PDS rises after signing sourcing contract with France-based retail group
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