{"id":102006,"date":"2023-04-21T15:10:00","date_gmt":"2023-04-21T09:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=102006"},"modified":"2023-04-21T15:06:53","modified_gmt":"2023-04-21T09:36:53","slug":"stock-jumps-72-in-5-days-after-significant-changes-in-the-company-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-72-in-5-days-after-significant-changes-in-the-company-check-the-details\/","title":{"rendered":"Stock jumps 72% in 5 days after significant changes in the company; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1431101688\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Mirza International notched around 10 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 60.30 apiece on the National Stock Exchange (NSE). Its shares hit the upper circuit for the third straight day, in an otherwise subdued market.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1897553746\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Its share price has been on an uptrend and has gained a whopping 72% in the past five days. In fact, it has become a multibagger in merely nine trading days, as its share price zoomed from \u20b9 30.02 apiece to the current levels and gave multibagger returns of 101%.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MIRZAINT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mirza International Ltd<\/a><\/strong> manufactures and exports finished leather, footwear, apparel and allied products. The recent rally has pushed its market capitalization to \u20b9 758 crores. It started gaining after its shares started trading ex-Red Tape on March 28, 2023.\u00a0<\/p><p>Red Tape was demerged from the company and will soon be listed on the exchanges. According to an exchange filing on April 15, the net worth of the company immediately before the demerger was \u20b9 726 crores, while the net assets of Red Tape, the demerged undertaking stood at \u20b9 301.46 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2487653895\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company had fixed March 29, 2023, as the record date for determining the eligibility of its shareholders for the allotment of Red Tape\u2019s shares. One equity share of face value of \u20b9 2 each of Red Tape will be allotted for every share of face value of \u20b9 2 each held in Mirza International.\u00a0<\/p><p>Meanwhile, RTS Fashions, an entity owned by Mirza International\u2019s promoter group, was recently merged with the company.&nbsp;<\/p><p>The company\u2019s management said that it is confident that this measure will likely drive a more focused growth strategy for their respective businesses and unleash their true potential.&nbsp;<\/p><p>Mirza International has a return on equity of 16.15% and an ideal debt-to-equity ratio of 0.10. It has a good dividend yield of 2.26%. Its shares were trading at a price-to-earnings ratio of 4.08, which is lower than the industry P\/E of 62.09, indicating that the stock is undervalued as compared to its peers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1680466267\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Mirza International notched around 10 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 60.30 apiece on the National Stock Exchange (NSE). Its shares hit the upper circuit for the third straight day, in an otherwise subdued market.&nbsp; Its share price has been on an uptrend and has gained [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7922,7927,7926,7924,7925,8756,7923,948,936,3157,2597,8758,8757],"class_list":["post-102006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mirza-international","tag-mirza-international-and-redtape-merger","tag-mirza-international-demerger","tag-mirza-international-latest-news","tag-mirza-international-merger","tag-mirza-international-returns","tag-mirza-international-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch","tag-what-is-the-future-of-mirza-international","tag-why-is-mirza-international-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps 72% in 5 days after significant changes in the company; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of the company notched around 10 percent gains on Friday\u2019s early trades to reach an intraday high of \u20b9 60.30 apiece on the National Stock Exchange (NSE). 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