Share Market Update: 7 percent increase in one day! In which shares do investors make the biggest gains? –

Mirza International Limited is India’s leading manufacturer, marketer and exporter of leather footwear. It owns a portfolio of recognized brands such as Red Tape, Oaktrack, Mod and Bond Street. It is the preferred supplier of leather footwear to leading international brands and one of the largest Indian suppliers of finished leather to overseas markets.

The stock rose above 700 on strong volume in a fragile market. The stock opened at Rs.252.65 and made a low of Rs.249.95. The stock has fully closed the opening downside gap of December 14, 2022.

7 percent increase in one day!  In which shares do investors make the biggest gains?

From a technical perspective, the stock is trading above its 20, 50 and 200-DMA. In a span of about two months, the stock has managed to move above its 200-DMA. The 14-period RSI has managed to cross the 60 level after almost six months and at the same time, it has recorded a new swing high, indicating good conditions for the stock.

Today the stock level is seen around the Rs 275 level and once it is able to sustain above this level the stock can move well.

This article is powered by ‘Dalal Street Investment Journal’, India’s No 1 investment magazine. To be regularly updated about winning stocks and recommendations do join by clicking here.

Disclaimer : This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.

Leave a Comment