Shares of Mirza International Limited gained 11.50% and reached a fresh 52-week high of ₹ 221.15 apiece.
In the past month, its share price has increased by 26.78%. This means that if an investor would have invested ₹1,00,000 in the share a week ago, their holdings would have been worth ₹ 1,26,780.
In the past year, the stock has given multibagger returns of 349.95% as its share price increased from ₹43 levels to the current levels. if an investor would have invested ₹1,00,000 in the share a week ago, their holdings would have been worth ₹ 4,49,950.
Mirza International is one of India’s leading leather footwear manufacturers. It operates through three segments: Tannery, Shoes, Garments/Accessories. Some of its recognized brands are Red Tape, oaktrak, Bond Street and MODE.
The company markets and exports its products and has tied up with various online e-commerce players like Myntra, Flipkart and Amazon. Further, it operates a direct e-commerce division in Noida that caters exclusively to its fast-growing segments. It has approximately 276 retail stores in India with a total area of 5,07,218 square feet.
Currently, the company has a market capitalization of ₹2,340 crores and is a small-cap company. It has a dividend yield of 2.26%. Its PE ratio is 280.57 which is very high compared to the industry average of 38.92. It has an ideal debt to equity ratio of 0.22.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
