Multibagger in just 7 days: Watch out this small-cap stock that was locked in upper circuit on April 24
The stock has a PE of 3.65x and an ROE of 18.94 per cent and gave multibagger returns of 107 per cent.
On Monday, the domestic benchmark indices ended the day higher with BSE Sensex Index up by 0.67 per cent at a level of 60,057 and NSE Nifty-50 Index up by 0.68 per cent at a level of 17,744.
Today, one of the Top Gainers on BSE, shares of Mirza International Ltd surged and locked in 10 per cent upper circuit to Rs 66.44 per share from its previous closing of Rs 60.40. The stock has a 52-week high of Rs 379.75 and a 52-weeek low of Rs 30.02.
Mirza International Ltd has a market cap of Rs 918.21 crore. The company is a manufacturer & exporter of finished leather, footwear and trader of footwear and apparels and allied products. Today, shares of the company saw a spurt in volume by more than 1.28 times on BSE.
The company reported positive numbers in its Quarterly Results and annual results. The promotors have increased their stake by 3.81 per cent in Q4FY23 over Q4FY22. Additionally, the company has reduced the debt and current debt of the company is Rs 81.80 crore as of March 2023.
The stock has a PE of 3.65x and an ROE of 18.94 per cent and gave multibagger returns of 107 per cent in just 7 days. Investors should keep an eye on this Small-Cap stock.