1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Mirza international

Discussion in 'Fundamental Analysis' started by akhtar80, Nov 26, 2016.

  1. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
    How would you rate Mirza International? They are in leather business n owner of red tape brand. Their main income is from export. Plz advice

    Sent from my Micromax A106 using DIY Technical Analysis mobile app
     
  2. Suresh_Sinha

    Suresh_Sinha Active Member

    Joined:
    May 1, 2012
    Messages:
    209
    Likes Received:
    30
  3. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    Agree with Suresh. Strong balance sheet, growing profits, legacy company, awesome shoes red tape. Currently facing headwinds due to brexit fears...Also one qualm is they are export heavy but recently started few plans for domestic.


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    shabbir likes this.
  4. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
  5. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    Leather business has strong entry barriers to environmental norms and labour intensive..Superhouse is peer company in this space also positions well but a micro cap


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    shabbir likes this.
  6. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
  7. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    I would go for Mirza I see it rightly valued at around the 70 Rs range. One quarter of good earning will propel the stock. Has been in a trading zone for some time now. It also sells B2B and has a B2C too. Bata is over valued for me.


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    shabbir likes this.
  8. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    shabbir likes this.
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Agree with your view on Mirza Vs Bata. Charts say 65 should be a good support for this stock but if you are doing based on chart, your stop should be 65
     
  10. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
    I have noticed its support point as well at 65. I think I will go with Mirza for investment.
     
    shabbir likes this.
  11. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    Awesome good luck. Personally speaking I would wait to buy it when it breaks out of the trading range and goes above the 200 DMA...@shabbir, for my education is this wise technically speaking?


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    akhtar80 likes this.
  12. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes because that helps in buying and not requiring a long wait time.
     
  13. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
  15. akhtar80

    akhtar80 Responder

    Joined:
    Nov 14, 2016
    Messages:
    86
    Likes Received:
    87
    shabbir likes this.