IGI Logo

Meera Industries is currently trading at Rs. 47.00, up by 5.12 points or 12.23% from its previous closing of Rs. 41.88 on the BSE.

The scrip opened at Rs. 42.39 and has touched a high and low of Rs. 48.50 and Rs. 41.60 respectively. So far 63422 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. 48.50 and Rs. 41.55 respectively. The current market cap of the company is Rs. 50.19 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 a significant domestic order from SRF for Ring Twisting Machines, valued at a staggering Rs 7.47 crore. The project is scheduled to be completed in the Quarter 2 of financial year 2024-25. This is a major win for the company, solidifying its position as a leader in the technical textiles market.

Its advanced Ring Twisting Machines will be used to produce high-performance fabrics for a variety of industrial applications. This order underscores its commitment to developing innovative solutions that meet the evolving needs of the technical textiles industry. The value of this order speaks volumes about the growing demand for the company's expertise in Ring Twisting Machine technology. Fulfilling this order will not only demonstrate its exceptional technical capabilities but also reinforce its dedication to exceeding customer expectations.

Meera Industries 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.