Latest news with #MirzaInternational
News18
6 days ago
- Business
- News18
India-UK FTA Boosts Textile, Leather And Seafood Stocks; Mirza Int'l, Trident Surge Up To 17%
Last Updated: The India-UK FTA, which covers a broad range of sectors, is expected to significantly boost bilateral trade by an estimated $34 billion annually India-UK FTA Deal: Even as the Indian stock market continued to bleed on Friday due to persistent selling by foreign institutional investors and a lacklustre Q1 earnings season, select stocks from the textiles, leather, footwear, and seafood sectors emerged as bright spots. These stocks defied the broader market weakness and rallied as much as 17%, buoyed by the optimism surrounding the recently signed India-UK Free Trade Agreement (FTA). Leather and footwear stocks led the gains following the announcement that import duties on these goods into the UK would be slashed from 16% to zero under the FTA. Mirza International surged 17% to ₹38.52 on the BSE, even as the benchmark indices traded deep in the red. Other notable gainers included Superhouse, which soared 7.35%, AKI India with a 5% gain, and Zenith Exports, which rose nearly 3%. From the footwear segment, Metro Brands rallied 5%, while Bata India and Khadim India traded nearly flat despite the broader market sell-off. Textile stocks also saw strong buying interest, boosted by the removal of UK import duties on Indian textile exports. Trident jumped nearly 7%, Filatex gained 6.5%, while Sanathan Textile and TCNS Clothing rose up to 3%. Welspun Living also gained around 2% in intraday trade. Seafood exporters benefited from the elimination of tariffs on marine products. Apex Frozen Foods jumped 4% to ₹259.60 on the BSE. Jewellery exporters, too, saw mild gains with Goldiam International trading slightly higher, while Senco Gold initially gained before paring profits amid the overall market weakness. The India-UK FTA, which covers a broad range of sectors, is expected to significantly boost bilateral trade by an estimated $34 billion annually. The agreement removes tariffs on 99% of Indian exports to the UK, covering key sectors such as textiles, leather goods, agricultural products, medical devices, and pharmaceuticals. It also reduces tariffs on various British imports to India, making the trade relationship more balanced and mutually beneficial. Commenting on the development, Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the FTA is India's first comprehensive trade pact with a major developed nation and carries two major implications for the stock market. 'First, it will significantly enhance trade volumes between India and the UK, which markets will see as a positive signal. Second, it reinforces India's global image as a nation committed to free trade," he noted. Vijayakumar added that this deal comes at a time of rising protectionism globally and may improve India's prospects in securing a fair trade agreement with the US. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Deccan Herald
6 days ago
- Business
- Deccan Herald
Leather, textiles, pharma stocks in limelight; Mirza International zooms 17 pc
New Delhi, Shares of companies related to sectors such as leather, textiles and pharma were in the limelight on Friday morning trade after India and the UK signed a landmark free trade deal, which comes days ahead of the US moratorium on higher tariffs coming to an end, aims to double the USD 56 billion trade between the world's fifth and sixth largest economies by leather-related stocks, Mirza International zoomed 17 per cent, Superhouse Ltd soared 7.35 per cent, AKI India jumped 4.92 per cent and Zenith Exports edged higher by 2.97 per cent on the stocks such as Trident surged 6.91 per cent, S P Apparels jumped 5.20 per cent, Welspun Living climbed 1.77 per cent and Pearl Global Industries went up by 0.90 per of Dr Reddy's Laboratories, Lupin, Sun Pharma, Aurobindo Pharma, Zydus Lifesciences and Cipla were also trading in positive territory.."The India-UK FTA, which is India's first comprehensive trade agreement with a major developed country, has two implications from the market perspective.."One, this FTA will significantly boost trade between both countries, which will be seen as a positive by the market. Two, this FTA along with many other FTAs signed by India with other countries, projects India as a nation committed to free trade," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, fact that this FTA has come during a time of tariff wars is commendable, and hopefully this will improve India's chances of striking a fair-trade deal with the US, Vijayakumar noted.."Sectors like textiles, leather, food processing, automobiles, pharmaceuticals and gems and jewellery, which are expected to benefit from the FTA, will be on the market radar," he India has opened its market to various consumer goods, including chocolates, biscuits, and cosmetics, it will gain greater access to export products such as textiles, footwear, gems and jewellery, sports goods, and toys.
News18
6 days ago
- Business
- News18
Leather, textiles, pharma stocks in limelight; Mirza International zooms 17 pc
New Delhi, Jul 25 (PTI) Shares of companies related to sectors such as leather, textiles and pharma were in the limelight on Friday morning trade after India and the UK signed a landmark free trade agreement. The deal, which comes days ahead of the US moratorium on higher tariffs coming to an end, aims to double the USD 56 billion trade between the world's fifth and sixth largest economies by 2030. Among leather-related stocks, Mirza International zoomed 17 per cent, Superhouse Ltd soared 7.35 per cent, AKI India jumped 4.92 per cent and Zenith Exports edged higher by 2.97 per cent on the BSE. Textile-related stocks such as Trident surged 6.91 per cent, S P Apparels jumped 5.20 per cent, Welspun Living climbed 1.77 per cent and Pearl Global Industries went up by 0.90 per cent. Shares of Dr Reddy's Laboratories, Lupin, Sun Pharma, Aurobindo Pharma, Zydus Lifesciences and Cipla were also trading in positive territory. 'The India-UK FTA, which is India's first comprehensive trade agreement with a major developed country, has two implications from the market perspective. 'One, this FTA will significantly boost trade between both countries, which will be seen as a positive by the market. Two, this FTA along with many other FTAs signed by India with other countries, projects India as a nation committed to free trade," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said. The fact that this FTA has come during a time of tariff wars is commendable, and hopefully this will improve India's chances of striking a fair-trade deal with the US, Vijayakumar noted. 'Sectors like textiles, leather, food processing, automobiles, pharmaceuticals and gems and jewellery, which are expected to benefit from the FTA, will be on the market radar," he added. While India has opened its market to various consumer goods, including chocolates, biscuits, and cosmetics, it will gain greater access to export products such as textiles, footwear, gems and jewellery, sports goods, and toys. PTI SUM DRR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 25, 2025, 11:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
24-05-2025
- Business
- Business Standard
Mirza International reports consolidated net loss of Rs 4.40 crore in the March 2025 quarter
Sales decline 19.98% to Rs 121.95 crore Net loss of Mirza International reported to Rs 4.40 crore in the quarter ended March 2025 as against net profit of Rs 1.22 crore during the previous quarter ended March 2024. Sales declined 19.98% to Rs 121.95 crore in the quarter ended March 2025 as against Rs 152.39 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 3.54 crore in the year ended March 2025 as against net profit of Rs 12.07 crore during the previous year ended March 2024. Sales declined 7.79% to Rs 581.23 crore in the year ended March 2025 as against Rs 630.36 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 121.95152.39 -20 581.23630.36 -8 OPM % 4.617.89 - 6.227.73 - PBDT 3.449.12 -62 27.0644.92 -40 PBT -4.141.41 PL -3.5516.60 PL NP -4.401.22 PL -3.5412.07 PL
