100 per cent returns in just 8 days: This low PE high ROE small-cap multibagger stock hits back-to-back upper circuit!

The promotors have increased their stake by 3.81 per cent in Q4FY23 over Q4FY22.

On Tuesday, the Indian indices started the day flat. BSE Sensex Index is up by 0.10 per cent at a level of 60,117 and NSE Nifty-50 Index up by 0.14 per cent at a level of 17,768.   

Today, one of the Top Gainers on BSE, shares of Mirza International Ltd surged and locked in 5 per cent upper circuit to Rs 69.76 per share from its previous closing of Rs 66.44. The stock has a 52-week high of Rs 379.75 and a 52-weeek low of Rs 30.02.   

Mirza International Ltd has a market cap of Rs 918.21 crore. The company is a manufacturer & exporter of finished leather, footwear and trader of footwear and apparels and allied products. Today, shares of the company saw a spurt in volume by more than 1.28 times on BSE.   

The company reported positive numbers in its Quarterly Results and annual results. The promotors have increased their stake by 3.81 per cent in Q4FY23 over Q4FY22. Additionally, the company has reduced the debt and current debt of the company is Rs 81.80 crore as of March 2023.  

The stock has a PE of 5.83x and an ROE of 18.95 per cent and gave multibagger returns of over 100 per cent in just 8 days. Investors should keep an eye on this Small-Cap stock.