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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.
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 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.



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