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Meera Industries shines on bagging export order worth $575,000

28 Mar 2018 Evaluate

Meera Industries is currently trading at Rs. 201.05, up by 9.55 points or 4.99% from its previous closing of Rs. 191.50 on the BSE.

The scrip opened at Rs. 199.00 and has touched a high and low of Rs. 201.05 and Rs. 199.00 respectively. So far 5000 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 393.00 on 15-Feb-2018 and a 52 week low of Rs. 30.55 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 201.05 and Rs. 176.00 respectively. The current market cap of the company is Rs. 78.96 crore.

The promoters holding in the company stood at 71.15%, while the Non-Institutions held 28.85% stake in the company.

Meera Industries (MIL) has bagged an export order of $575,000 from a reputed Yarn Manufacturing Company from Indonesia. The company has won this order for Twister / Cabler Machines for Carpet Yarn due to its innovative and most optimized cost performance ratio against domestic and overseas manufacturer.

An overseas order of this size is a firm step ahead to establish footprints in international market against global brands. This order will be executed in the First Half of FY2018-19.

MIL is engaged in the manufacturing of Yarn Twisting, Winding and Heat-Setting Machine for textile industries. The company’s products are sold under the brand name ‘MEERA’.

Meera Industries Share Price

59.68 2.73 (4.79%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
LMW 14357.85
Stovec Inds 2005.30
Harish Textile Engin 69.90
Veejay Lakshmi Engg 37.83
Meera Industries 59.68
View more..

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