{"id":90073,"date":"2023-02-14T12:15:00","date_gmt":"2023-02-14T06:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=90073"},"modified":"2023-02-14T12:53:51","modified_gmt":"2023-02-14T07:23:51","slug":"multibagger-stock-jumps-13-after-posting-robust-quarterly-results","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-13-after-posting-robust-quarterly-results\/","title":{"rendered":"Multibagger stock jumps 13% after posting robust quarterly results\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1156046551\"><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>Mirza International Limited, one of India\u2019s Leading Leather Footwear Manufacturers, saw its share price jump by more than 13 percent in the early hours of Tuesday to trade at Rs 255 levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2597450178\"><!-- 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>The board of directors of the company met yesterday to approve the quarterly statements. In the December quarter, their revenue from operations grew marginally to Rs 592.30 Crore up from Rs 585.37 Crore, Year on Year.&nbsp;<\/p><p>Their net profit in the period was Rs 55.93 Crore, a jump of 31 percent YoY from Rs 42.59 Crore and 75 percent Quarter on Quarter from Rs 31.91 Crore.&nbsp;<\/p><p>Mirza International Limited is India\u2019s leading leather footwear manufacturer, marketer, and exporter. It owns a portfolio of well-recognized brands like Red Tape, Oaktrak, MODE &amp; Bond Street. Their global footprint spans 28 countries over five continents.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4242375238\"><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 stock has been on a downward trend and has shed approximately 16 percent in the last six months. In a longer time frame, the stock has increased by 75 percent.&nbsp;<\/p><p>The stock has logged a multibagger return of 402 percent as the share price has risen up from Rs 51 a piece in February 2021 up to the current levels. An investment of Rs 1 lakh then would be worth Rs 5.02 lakhs in just two years.&nbsp;<\/p><p>The small-cap stock has a market capitalization of Rs 3,089 Crore. The promoters hold a high stake of 68.15 percent with zero shares pledged while the Foreign Institutional Investors (FIIs) hold a 3.09 percent stake.&nbsp;<\/p><p>PE ratio is the price investors are willing to pay for Rs 1 of the EPS of the company. A low PE ratio means that a stock is cheap and its price may rise in the future. Thus, it can be said that Mirza International is undervalued as the TTM PE is 20.92 while the Sectoral average PE is at 90.41.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-415267348\"><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>Mirza International Limited, one of India\u2019s Leading Leather Footwear Manufacturers, saw its share price jump by more than 13 percent in the early hours of Tuesday to trade at Rs 255 levels.&nbsp; The board of directors of the company met yesterday to approve the quarterly statements. In the December quarter, their revenue from operations grew [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"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":[4865,31],"tags":[],"class_list":["post-90073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"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>Multibagger stock jumps 13% after posting robust quarterly results\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The small-cap stock has a market capitalization of Rs 3,089 Crore. 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