There are companies or lists of different sectors in the Indian stock market and there are some sectors whose stocks are giving multibagger returns in today’s time and in today’s article we are going to give you information about the shoe manufacturing company because the investor has got multibagger returns from the stock of this company and the business of the company is increasing day by day. The company has good share holding figures and fundamental figures and the special thing is that you will see both long term and short term investors in this company.
What is the name of this company
You must have heard the name of Mirza International Company at some time or the other because the shoes of this company are very famous at the international level and the special thing is that it is also considered the first favorite stock of retail investors. In the last 52 weeks, the stock price of the company has been ₹ 26, while if we talk about the high price, it was 39 rupees high. On Friday, the stock of this company witnessed a bullish trend as it reached ₹31 on Friday while its previous closing was ₹28.
In the month of April, the stock price of this company was around ₹26 in the market and the way the stock of this company witnessed a bullish trend on Friday, it seems that this stock can again become a rocket in the coming days.
On Friday, the stock of this company opened at ₹28 and by 12:00 pm, the stock of the company went above ₹33. The fundamental figures of this company are not so strong but its share holding figures are high because the promoter’s participation in the share holding figures is 71% while the investor holds 28% and foreign investors hold less than one percent.
The biggest decline came in 2022
The stock price of Mirza International Company was Rs 327 in 2022. Due to the financial crisis of the company, the stock of the company saw a decline because this company is continuously running in loss and the company has not made any profit at all for the last 5 years. The stock of the company has come down directly from Rs 327 to ₹ 26. In 2002, the stock price of the company was ₹ 6 in the market.
This company makes leather shoes and the company exports these shoes abroad. Earlier the company was making very good profit. Till 2022, the financial condition of the company was good but after suddenly incurring loss, the stock started declining and this decline came suddenly because within the last 3 years, there has been a decrease in the export of the company and due to which the profit also decreased and the company went into loss.
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Kartikeya Bhardwaj is a skilled finance writer with over 3 years of experience covering the Indian stock market, cryptocurrency trends, and personal finance strategies. With a strong grasp of market dynamics and digital finance tools, Kartikeya simplifies complex financial topics into easy-to-understand content for everyday readers.
A graduate with a Bachelor of Computer Applications (BCA), Kartikeya combines technical expertise with a deep passion for financial literacy. His work focuses on helping young investors, traders, and savers make smarter money decisions in today’s fast-moving economy.
Kartikeya is a regular contributor to Paisaverse.in, where he shares timely updates, analytical insights, and practical money tips to empower the Indian financial community.
