Intraday Winners: Mirza International soars over 12 per cent amid bearish market

Robust Q3 performance is driving the bullish mood!

Mirza International stock has rallied by leaps and bounds in times where broad markets Sensex and Nifty have tumbled by over 2.7 per cent. Today, this trending stock has gone up from an opening price of Rs 136.05 to Rs 149.00, soaring by about 12.7 per cent. The stock has hit the list of top gainers in the ‘B’ group. The company had come up with its quarter ended December results which has fueled the rally. 

In Q3FY22, revenue grew by 54.64 per cent YoY to Rs 589.57 crore from Rs 381.25 crore in Q3FY21. On a sequential basis, the top-line was up by 50.12 per cent. PBIDT (Ex OI) was reported at Rs 79.92 crore, up by 70.55 per cent as compared to the year-ago period and the corresponding margin was reported at 13.55 per cent, expanding by 126 basis points YoY. PAT was reported at Rs 43.96 crore, up by 173.56 per cent from Rs 16.07 crore in the same quarter for the previous fiscal year. The PAT margin stood at 7.46 per cent in Q3FY22 expanding from 4.21 per cent in Q3FY21. 

The stock has a 52-week high of Rs 169.75. It has a 52-week low of Rs 42.95.