Archive · 17 Sep 2025
Mirza International Shares Surge on GST and Trading Activity
Mirza International, a company that makes shoes, saw its stock price go up a lot.
On Wednesday, the stock gained an additional 13%, following a 15% increase on Tuesday.
The company's stock is now in positive territory for the year after struggling recently.
Lots of shares were traded, showing high investor interest.
This increase also comes after a related company, Redtape, had some inquiries from the Income Tax department.
Also, the government lowered the GST (tax) on shoes, making them cheaper, which helped boost the stock price.
Mirza International Ltd. shares gained 13% on Wednesday.
This follows a 15% increase on Tuesday.
The two-day rally puts the stock in positive territory for the year.
Trading volumes were exceptionally high.
The gains come after a GST reduction on footwear.
- Who
- Mirza International Ltd. shares
- What
- Experienced a significant rally over two days.
- When
- Wednesday, September 17th
- Where
- Stock market
- Why
- Due to lower GST rates on footwear and strong trading volumes.
Company Performance
Government Regulations
Income Tax Investigation
Company Performance
The company, Redtape, fully cooperated with the income tax officials during their proceedings and responded to clarifications.
Government Regulations
The search by the Income Tax department on the demerged entity.
- Wednesday's Gain
- 13%
- Tuesday's Gain
- 15%
- Current Price
- ₹42.61
- 52-Week High
- ₹48
- Shares Traded Wednesday
- Over 30 lakh
- Shares Traded Tuesday
- Over 24 lakh
Sources
Redington Shares Up 18 Percent; 10 Crore Shares Traded - Iphone & Festive Season Effect?
Sensex, Nifty climb to over two-month high as banks, autos lead gains
Redington Shares Surge 20% on NSE, Biggest Daily Gain Since March 2021