One of the penny stocks engaged in the manufacturing and export of textile machinery, including twisting, cabling, winding, and heat-setting machines, as well as the processing and sale of yarn. The stock jumped 3.55 percent after the company received an order worth Rs. 2.60 crore from Ganesha Ecopet Private Limited
Stock Price Movement
In Friday’s trading session, Meera Industries Limited’s share jumped to an intraday high of 3.55 percent from the previous close of Rs. 67.41. The stock opened at Rs. 69.80 and is currently trading at Rs. 66, with a high of Rs. 69.80 and a low of Rs. 66. The market capitalization now stands at approximately Rs. 70.48 crore.
What Happened
Meera Industries Limited has secured a domestic order worth Rs. 2.60 crore from Ganesha Ecopet Private Limited, a part of Ganesha Ecosphere Ltd., India’s top PET bottle recycling company.
The order is for high-bulk carpet yarn manufacturing solutions, including the MEERABAH (Meera Bulking and Heatsetting Machine), along with advanced cabler and winding machines. The machines are known for their energy efficiency, high productivity, and precision.
The partnership highlights Meera’s leadership in the Indian carpet yarn sector and its commitment to innovation and sustainability. The project will be completed in the fourth quarter of FY 2024–25.
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Products and Services
Meera Industries provides advanced textile machinery, including TFO twisters, yarn winders, spun yarn twisters, and embroidery thread machines, catering to diverse industry needs with a focus on quality, innovation, and cost-effectiveness for enhanced productivity.
Recent quarter results
Meera Industries Limited’s revenue has increased from Rs. 6.79 crore in Q2 FY24 to Rs. 10.90 crore in Q2 FY25, which has grown by 60.53 percent. The net profit has also grown by 316.13 percent, from Rs. 0.31 crore in Q2 FY24 to Rs. 1.29 crore in Q2 FY25.
Written By – Nikhil Naik
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