10:1 Stock Split: Penny Stock Under Rs 15 In Green as Board To Raise Funds for Installation of a 15 MW Solar Power Project
The stock is down by 17.6 per cent from its 52-week high of Rs 12.40 per share and up by 34.5 per cent from its 52-week low of Rs 7.60 per share.
On Thursday, shares of Exxaro Tiles Ltd gained 4.71 per cent to Rs 10.22 per share from its previous closing of Rs 9.76 per share. The stock is down by 17.6 per cent from its 52-week high of Rs 12.40 per share and up by 34.5 per cent from its 52-week low of Rs 7.60 per share. The shares of the company saw a spurt in volume by more than 3 times.
Exxaro Tiles Limited has announced that a meeting of its Board of Directors will be held on Saturday, February 8, 2025. Key agenda items include the approval of standalone and consolidated unaudited financial results for the quarter and nine months ending December 31, 2024, and the finalization of the funding mode for a 15 MW solar power project. This project, approved on May 28, 2024, aims to meet the energy requirements of the company's manufacturing plants at Talod (10 MW) and Padra (5 MW) through green energy.
Established in 2008, Exxaro Tiles Ltd (ETL) has carved a niche in the refractory ceramic industry. With a focus on manufacturing and marketing vitrified tiles, ETL offers a diverse range of products catering to various needs and preferences. Their extensive product portfolio includes double-charge vitrified tiles, glazed vitrified tiles, full-body vitrified tiles, wall tiles, and parking tiles, each designed to provide exceptional quality and durability.
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ETL's commitment to innovation is evident in their product offerings, which boast features like 3D effects in double charge tiles, FGVT technology, high gloss finishes, full-colour body vitrified tiles, and advanced polishing techniques. These unique attributes make ETL's tiles ideal for a wide range of applications, including airports, hotels, retail malls, homes, restaurants, museums, shops, offices, and more. The company's strong clientele base, which includes renowned names like BAPS, Purvankara, Lodha, Rajhans, Shapoorji Pallonji and Amul, is a testament to their product quality and reliability.
The shares of the company ex-traded stock split in the ratio of 10:1 on December 13, 2024. The company has a market cap of over Rs 450 crore and reported a mixed set of numbers in its Quarterly Results (Q2FY25) and annual results (FY24). Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.