CMP: 24

Click Here to read our earlier recommendation for Mirza when it was at 16 levels ...

The below news is still a rumor and is not yet officially announced.

Bata is in talks to pick up 24% strategic stake in Mirza International. Announcement expected next week on 25 th july along with Bata results. Bata to use Mirza's facility to manufacture its various shoes/leather products. Mirza's shoes will also be jointly retailed at Bata's outlets in India and abroad.

If the news gets announced, it could boost the share price rapidly.