The stock has added 31.18% in three sessions, from its recent closing low of Rs 101.35 recorded on 6 December 2021.
On a year-to-date (YTD) basis, the stock has zoomed 131.99% while the benchmark Sensex has added 26.98% during the same period.
On the technical front, the stock's RSI (relative strength index) stood at 78.705. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The company's consolidated net profit rose to Rs 26.76 crore in the quarter ended September 2021 as against Rs 6.32 crore during the previous quarter ended September 2020. Sales rose 44.50% YoY to Rs 392.74 crore in Q2 FY22.
Mirza International manufactures footwear and apparels. The company has an established position in the domestic footwear market and sells footwear and apparels under its Red Tape, Mode, Bond Street, and Oaktrak brands. The company also has presence in overseas market.
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