MEERA Industries zooms on bagging orders worth $336,250
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Meera Industries is currently trading at Rs. 53.98, up by 2.79 points or 5.45% from its previous closing of Rs. 51.19 on the BSE.
The scrip opened at Rs. 52.60 and has touched a high and low of Rs. 56.90 and Rs. 50.01 respectively. So far 64358 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. 59.80 and Rs. 46.00 respectively. The current market cap of the company is Rs. 57.56 crore.
The promoters holding in the company stood at 64.19%, while Non-Institutions held 35.81% stake in the company.
MEERA Industries has bagged two significant international orders totaling $336,250. The orders are for MEERA's highly acclaimed MEERABAH Machine and Heavy Duty Twister Machine and come from a renowned companies operating in the Technical Textiles industry. These recent wins further solidify MEERA's position as a global leader in innovative textile technology, showcasing its ability to capture demand from diverse markets.
The company secured a $161,000 order for MEERABAH, a Bulking & Heat Setting M/C for Carpet Yarn for Mada Carpet, a prominent manufacturer in Saudi Arabia. This tailored solution demonstrates MEERA's expertise in catering to specific production needs with cutting-edge technologies. Further, a $175,250 order for Heavy Duty Twister was placed by Slutsk Belts, a renowned manufacturer in Belarus. This deal highlights the growing global recognition of MEERA's high-performance twisting technology.
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.
