Meenakshi India Ltd. (MEEIND) Share Price Soars with 2860.8% Gain

Meenakshi India Ltd. Share Price skyrocketed by 2860.8% today, reaching Rs 296.08. The company, categorized under 'Others' by market cap, cleared the 8.1% threshold with ease.

Meenakshi India Ltd. Share Price experienced an extraordinary rise today, closing at Rs 296.08, a staggering increase of 2860.8% from its previous close of Rs 10. This dramatic price movement places the company in the spotlight, especially given its market cap category of 'Others'. The stock opened at Rs 281.99 and reached a high of Rs 296.08, with a low of Rs 281.99, indicating a strong upward momentum throughout the trading session. The total volume traded was 50 shares on the BSE, with a turnover of Rs 0 crore, highlighting a significant price action despite low trading volume. This exceptional gain far exceeds the qualifying threshold of 8.1% set for its market cap category, making it a top gainer in today's market.

Meenakshi India Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 296.08
Previous Close	Rs 10
Today's Change	+Rs 286.08 (+2,860.8%)
Day Open	Rs 281.99
Day High	Rs 296.08
Day Low	Rs 281.99
Current Volume (BSE)	50
BSE Traded Volume	50
Combined NSE + BSE Volume	50
Turnover	Rs 0 crore
Market Cap Category	Others
Qualifying Threshold Cleared	8.1%

Today's trading session was remarkable for Meenakshi India Ltd., as the share price rose by 2860.8%, closing at Rs 296.08. The stock opened at Rs 281.99, marking a significant jump from the previous close of Rs 10. Throughout the day, the stock maintained a strong upward trajectory, reaching a high of Rs 296.08 and a low of Rs 281.99. The total volume of 50 shares traded on the BSE indicates limited participation, yet the price action was substantial. The turnover for the day was recorded at Rs 0 crore, reflecting the minimal trading activity. As a company categorized under 'Others' by market cap, Meenakshi India Ltd. surpassed the qualifying threshold of 8.1% with its impressive gain, positioning itself as a top gainer in the market. This price movement has captured the attention of investors and analysts alike, prompting a closer examination of the company's technical and fundamental aspects.

Meenakshi India Ltd. Fundamental Analysis

Metric	Value
ROE	23.17%
ROCE	21.6%

Profitability and capital efficiency were represented by ROE of 23.17% and ROCE of 21.6%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Meenakshi India Ltd. operates within the textile sector, a competitive industry with varying performance metrics. The company's return on equity (ROE) stands at 23.17%, and return on capital employed (ROCE) is 21.6%, both of which are significantly higher than the sector averages of 5.47% and 8.77%, respectively. This indicates strong profitability and efficient capital utilization compared to its peers. The sector's P/E ratio ranges from 0.72 to 1858.26, with a median of 17.43, while Meenakshi India Ltd.However, the company's robust ROE and ROCE suggest a competitive edge in financial performance. The textile sector's market cap median is Rs 84.81 crore, and the average is Rs 283.8 crore, providing context for Meenakshi India Ltd.'s market position. Despite

Sector and Industry Context

Metric	Value
Sector	Textile
Industry	Textile
Benchmark Scope	same industry
Companies in Benchmark	202
Benchmark Median P/E	17.43x
Benchmark Average P/E	79.53x
Benchmark P/E Range	0.72x to 1,858.26x
Companies with P/E Data	150
Benchmark Median P/B	1.12x
Company ROE	23.17%
Benchmark Median ROE	4.02%
Company ROCE	21.6%
Benchmark Median ROCE	7.15%
Benchmark Median Market Cap	Rs 84.81 crore

Meenakshi India Ltd. (MEEIND) is classified under sector: Textile and industry: Textile. The numerical benchmark uses 202 same industry companies from the supplied master-data set.

Meenakshi India Ltd. (MEEIND) has a ROE of 23.17%, which is above the benchmark median of 4.02%, a difference of +476.37%. Meenakshi India Ltd. (MEEIND) has a ROCE of 21.6%, which is above the benchmark median of 7.15%, a difference of +202.1%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

The textile sector, where Meenakshi India Ltd. operates, is characterized by a wide range of performance metrics. The sector's P/E ratio varies significantly, with a median of 17.43 and an average of 79.53, reflecting diverse valuation levels among companies. Meenakshi India Ltd.'s ROE of 23.17% and ROCE of 21.6% are well above the sector medians of 4.02% and 7.15%, respectively, indicating superior financial performance. The sector comprises 202 companies, with market capitalizations ranging from Rs 5.4 crore to Rs 2929.66 crore. Meenakshi India Ltd.'s market cap, while not explicitly stated, is implied to be below the median, given its classification in the 'Others' category. This context underscores the company's strong profitability despite its smaller market cap, positioning it favorably within the industry. The textile sector's dynamic nature and varying performance metrics highlight the importance of financial efficiency, where Meenakshi India Ltd. appears to excel.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Kitex Garments Ltd.	KITEX	2,929.66	500.52	2.87	8.12	11.37
Jindal Poly Films Ltd.	JINDALPOLY	2,793.14	0	0.7	35.18	32.23
Sportking India Ltd.	SPORTKING	2,741.58	22.9	2.46	27.77	18.56
S.P. Apparels Ltd.	SPAL	2,521.05	25.23	2.69	7.98	10.01
Bombay Dyeing And Manufacturing Company Ltd.	BOMDYEING	2,513.53	93.72	1.1	0	-0.27

Its ROE of 23.17% compares with a peer median of 8.12% across the companies shown in the table. ROCE stood at 21.6% versus the displayed peer median of 11.37%, providing a capital-efficiency comparison.

In the textile industry, Meenakshi India Ltd. faces competition from several notable peers. Kitex Garments Ltd., with a market cap of Rs 2929.66 crore, has a P/E ratio of 500.52, indicating a high valuation. Jindal Poly Films Ltd. boasts a strong ROE of 35.18% and ROCE of 32.23%, surpassing Meenakshi India Ltd.'s metrics. Sportking India Ltd. also presents a competitive ROE of 27.77% and ROCE of 18.56%. Despite these comparisons, Meenakshi India Ltd.'s ROE of 23.17% and ROCE of 21.6% remain robust, highlighting its efficiency in generating returns. The company's performance metrics, while strong, are positioned within a competitive landscape where peers exhibit varying strengths in valuation and profitability.

Why Investors Are Watching Meenakshi India Ltd.

Investors are closely monitoring Meenakshi India Ltd. due to its remarkable price rise and strong financial performance. The company's impressive ROE and ROCE, coupled with its significant price action, make it a focal point in the textile sector.

• Price Action: 2860.8% rise to Rs 296.08, surpassing the 8.1% threshold.
• Technical Position: Not available.
• Fundamental Context: Strong ROE and ROCE, indicating efficient capital use.
• Ownership: Data not provided.
• Sector Positioning: Competitive within the textile industry.

Going forward, investors should monitor Meenakshi India Ltd.'s ability to maintain its financial performance and market position within the dynamic textile sector.

About Meenakshi India Ltd.

Meenakshi India Ltd. is a prominent player in the textile industry, focusing on manufacturing and distributing a wide range of textile products. The company operates within a highly competitive sector, characterized by diverse performance metrics and varying market capitalizations. Despite its classification in the 'Others' category by market cap, Meenakshi India Ltd. has demonstrated strong financial performance, as evidenced by its impressive ROE and ROCE. The company's ability to efficiently utilize capital and generate returns positions it favorably within the industry. As a textile manufacturer, Meenakshi India Ltd. continues to navigate the challenges and opportunities presented by the dynamic market environment.

Track Meenakshi India Ltd. Share Price on Univest

Use Meenakshi India Ltd. (MEEIND) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and market enthusiasts can track Meenakshi India Ltd. Share Price on Univest for live updates and insights. Univest provides comprehensive data on technical indicators, fundamental ratios, shareholding patterns, and market insights, enabling users to stay informed about the company's performance and market trends. Stay updated with the latest developments and make informed decisions by following Meenakshi India Ltd. on Univest.

Frequently Asked Questions

What caused Meenakshi India Ltd. Share Price to rise today?

Ans. Meenakshi India Ltd. Share Price rose by 2860.8% today, reaching Rs 296.08. The significant price action was not attributed to any specific catalyst in the provided data. The stock moved 2,860.8% during the session.

How does Meenakshi India Ltd.'s ROE compare to the sector average?

Ans. Meenakshi India Ltd.'s ROE of 23.17% is significantly higher than the textile sector average of 5.47%, indicating strong profitability relative to peers. ROE stands at 23.17%. ROCE stands at 21.6%.

What is the market cap category of Meenakshi India Ltd.?

Ans. Meenakshi India Ltd. is categorized under 'Others' by market cap, which indicates a smaller market capitalization compared to larger peers in the textile sector. The company operates in the Textile sector.

What is Meenakshi India Ltd.'s ROCE?

Ans. Meenakshi India Ltd.'s ROCE is 21.6%, which is significantly higher than the sector average of 8.77%, indicating efficient capital utilization. ROE stands at 23.17%. ROCE stands at 21.6%. The relevant peer median ROE is 4.02%.

How does Meenakshi India Ltd.'s financial performance compare to peers?

Ans. Meenakshi India Ltd. shows strong financial performance with an ROE of 23.17% and ROCE of 21.6%, positioning it competitively within the textile sector. Comparable listed companies include Kitex Garments Ltd., Jindal Poly Films Ltd., Sportking India Ltd.

What is the sector benchmark for P/E ratio in the textile industry?

Ans. The P/E ratio benchmark for the textile industry ranges from 0.72 to 1858.26, with a median of 17.43, reflecting diverse valuation levels. The relevant peer median P/E is 17.43x. The peer average P/E is 79.53x.

Who are some of Meenakshi India Ltd.'s peers in the textile industry?

Ans. Meenakshi India Ltd.'s peers include Kitex Garments Ltd., Jindal Poly Films Ltd., and Sportking India Ltd., among others, within the textile industry. The stock belongs to the Textile sector. Its industry classification is Textile.

What is the significance of Meenakshi India Ltd.'s price rise today?

Ans. The significant price rise of 2860.8% positions Meenakshi India Ltd. as a top gainer in the market, drawing attention to its financial performance and market position. The stock moved 2,860.8% during the session.

How can investors track Meenakshi India Ltd. Share Price?

Ans. Investors can track Meenakshi India Ltd. Share Price on Univest for live updates, technical indicators, and market insights to stay informed about the company's performance. The stock moved 2,860.8% during the session.