Multibagger Stock: Watch out for this small-cap footwear company which was locked in the upper circuit!
In the last 5 trading sessions, the stock has gained more than 60 per cent.
Shares of Mirza International Limited were locked in the upper circuit today. The stock made a new 52-week high, gaining 10 per cent in today’s trade. In the last 5 trading sessions, the stock has gained more than 60 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 54.91 on April 20, 2023, an increase of about 125 per cent in one year holding period.
In the previous quarter Q3FY23, the revenue of the company grew by 23 per cent QoQ while the bottom line increased by 75 per cent to Rs 56 crore from Rs 32 in Q2FY23.
Today, the stock opened at Rs 53.02, with a high and low of Rs 54.91 and Rs 53.02. The stock closed trading at Rs 54.91, up by 10 per cent. The stock has a 52-week high of Rs 54.91 and a 52-week low of Rs 30.02. The company has a ROCE of 21.9 per cent and an ROE of 15.8 per cent with a market capitalisation of Rs 759 crore.
Incorporated in 1979, Mirza International Ltd is a manufacturer and exporter of finished leather, and footwear and trader of footwear. The flagship brand of Mirza International Limited was launched in the year 1996. The brand has today 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.