MEERA Industries shares are trading at Rs. 69.40, reflecting a gain of 1.99 points or 2.95% compared to the previous closing price of Rs. 67.41 on the BSE.

The stock opened at Rs. 69.80 and fluctuated between a high of Rs. 69.80 and a low of Rs. 67.80 during the session. A total of 1,891 shares have been exchanged so far.

Categorized under the BSE group 'T,' this stock with a face value of Rs. 10 reached a 52-week high of Rs. 140.00 on 08-Oct-2024 and a 52-week low of Rs. 39.51 on 04-Jun-2024. Over the last week, the stock recorded a high of Rs. 72.13 and a low of Rs. 64.60. The company's market capitalization currently stands at Rs. 74.41 crore.

Promoters hold 61.40% of the company’s shares, while 38.60% is owned by non-institutional investors.

In a significant development, MEERA Industries secured a domestic order worth Rs. 2.60 crore for its high bulk carpet yarn manufacturing solutions. This solidifies its dominance in India’s carpet yarn sector, where the company is a preferred partner for leading manufacturers. The project is expected to be completed in the fourth quarter of FY 2024-25.

Additionally, the company received an order from Ganesha Ecopet, a subsidiary of Ganesha Ecosphere, which specializes in recycling PET waste into polyester fibers, spun yarns, and dyed texturized yarns. Ganesha is diversifying into high bulk yarn manufacturing for carpets and bathmats, relying on MEERA Industries' advanced solutions such as assembly winders, carpet cables, and bulking and heat-setting machines for its new project.

MEERA Industries specializes in the production of yarn twisting, winding, and heat-setting machines for the textile industry.