Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 April, 2021 21:14 IST
Meera Industries jumps on winning export order worth USD 180,000
Source: IRIS | 08 Mar, 2021, 12.03PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 Shares of Meera Industries (MIL), manufacturer of textile twisting technology and machines on March 8 announced that it has bagged an export order of USD 180,000 from Turkish firm Monofiber Teknik Tekstil San Tic. This order is for recently launched MODEL DTX-260 (Direct Twisting + Precision WInding).

"We developed this model during the lockdown. There is a large global market for this type of model. This machine will be used for all kinds of industrial threads twisting and winding like woven sacks Threads, FIBC Threads, Cotton Twine, PP Tapes etc," the company said.

"So far this market is dominated by a very few producers world over. We are happy to make an entry into this segment and very satisfied with the early response. We are hopeful that gradually we will establish our name in this segment too," it added.

Shares of Meera Industries  are trading at Rs 72.15, up Rs 3.40, or 4.95%  at the Bombay Stock Exchange (BSE) on Monday at 10:32 a.m.

The scrip has touched an intra-day high of Rs 72.15 and low of Rs 67.50. The total volume of shares traded at the BSE is 30,760.

Currently, the stock is trading down  17.36% from its 52-week high of Rs 84.70  and above 120.13% over the 52-week low of Rs 30.10.

 Post Comment
Name Email
Security Code type    into this box
Nagpur Power & Industries gets nod to increase stake in subsidiary company - 14-Apr-2021 20:29
Hero Motors launches new plant at Hero E Cycle Valley, Punjab - 14-Apr-2021 20:01
Inox Leisure starts commercial operations of Multiplex Cinema Theatre in Bangalore - 14-Apr-2021 19:03
Happiest Minds Technologies in strategic partnership with BeatRoute - 14-Apr-2021 18:48
Venus Remedies enters into partnership with West Pharmaceutical Services - 14-Apr-2021 17:30
Adani Green Energy subsidiary commissions 50 MW solar power plant in UP - 14-Apr-2021 17:02
IDBI Capital maintains Accumulate on TCS with target of Rs 3,530 - 14-Apr-2021 12:31
TCS 4QFY21: Strong FY21 exit rate and deal wins to drive growth in FY22: Motilal Oswal - 14-Apr-2021 09:21
ELGi partners with Italian Red Cross to maintain critical COVID-19 response vehicles - 14-Apr-2021 08:50
IDBI Capital remains positive on IT sector; HCL, Tech Mahindra, Cyient top picks - 12-Apr-2021 19:23
CEMENT: Another round of price hikes; Cement spreads now at the highest since Jun'20: Motilal Oswal - 12-Apr-2021 19:02
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer