Meera Industries gains on securing two export orders
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Meera Industries is currently trading at Rs. 52.00, up by 0.50 points or 0.97% from its previous closing of Rs. 51.50 on the BSE.
The scrip opened at Rs. 50.26 and has touched a high and low of Rs. 54.50 and Rs. 50.18 respectively. So far 47347 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 59.80 on 09-Feb-2024 and a 52 week low of Rs. 34.98 on 20-Dec-2023.
Last one week high and low of the scrip stood at Rs. 54.50 and Rs. 50.05 respectively. The current market cap of the company is Rs. 55.70 crore.
The promoters holding in the company stood at 64.19%, while Non-Institutions held 35.81% stake in the company.
Meera Industries has secured two significant export orders. These orders, totaling $204,800, showcase MEERA's commitment to international expansion and its ability to deliver innovative solutions that meet the diverse needs of its global clientele. Out of the total orders, order worth $85,800 bagged from Bonip Tekstil Sanayi Ve Ticaret A.S., Turkey and order worth $119,000 received from Siam Brothers Corporation, Thailand.
These orders highlight MEERA's robust product portfolio and technical expertise in designing and manufacturing high-performance twisting machines. The Ring Twister and TPRS- Twister are specifically engineered to meet the specific requirements of the textile and fishing industries, respectively, ensuring optimal production efficiency and yarn quality.
The company is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. All the machines are stringently tested at its in-house quality management unit to ensure the flawless performance of the machines.
