Back to back upper circuit in this multibagger stock: Shares of this smallcap footwear company made a new 52 week high!
In the last 5 trading sessions, the stock has gained more than 70 per cent.
Shares of Mirza International Limited were locked in the upper circuit on Friday. The stock made a new 52-week high, gaining 10 per cent. In the last 5 trading sessions, the stock has gained more than 70 per cent.
On Friday, the stock opened at Rs 60.40, with a high and low of Rs 60.40 and Rs 56.00, respectively. The stock closed trading at Rs 60.40, up by 10 per cent. The stock has a 52-week high of Rs 60.40 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 834.74 crore.
Mirza International Limited 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 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.
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 60.30 on April 21, 2023, an increase of about 130 per cent in one year holding period.