Upper circuit alert: Heavy buying witnessed in this multibagger stock; do you own it?

In the last one month, the stock has gained more than 60 per cent.

Shares of Mirza International Limited were locked in the upper circuit on Tuesday, gaining 5 per cent. The stock has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 24.34 on May 26, 2022, to Rs 59 on May 15, 2023, an increase of about 130 per cent in one year holding period.     

On Tuesday, the stock opened at Rs 56.01, with a high and low of Rs 59.03 and Rs 56.01, respectively. The stock closed trading at Rs 59.03, up by 5 per cent. The stock has a 52-week high of Rs 379.75 and a 52-week low of Rs 30.02. The company has a ROCE of 21.9 per cent and a ROE of 15.8 per cent with a market capitalisation of Rs 815.81 crore.    

Mirza International Limited is a manufacturer and exporter of finished leather and footwear and a trader of footwear. The flagship brand of Mirza International Limited was launched in the year 1996. The brand has become synonymous with hi-fashion & lifestyle, owing to its unmatched quality, skilled craftsmanship and trendy products. Endorsed by the style icon Salman Khan, Red Tape has become India’s most loved premium lifestyle brand.   

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