Penny stock under Rs 100 hit 20 per cent upper circuit today as Board likely to announces stock split on October 14, 2024
The stock is down by 35 per cent from its 52-week high of Rs 146.90 and up by 27 per cent from its 52-week low of Rs 76.02.
Exxaro Tiles Limited informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, October 14, 2024, to consider and approve, inter alia, sub-division/ stock split of equity shares of the Company according to the provisions of Section 61(1)(d) of the Companies Act, 2013.
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.
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.
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On Tuesday, one of the Top Gainers on BSE, shares of Exxaro Tiles Ltd hit 20 per cent upper circuit to Rs 96.39 per share from its previous closing of Rs 80.33 with a spurt in volume by more than 50 times. The stock is down by 35 per cent from its 52-week high of Rs 146.90 and up by 27 per cent from its 52-week low of Rs 76.02.
The company has a market cap of Rs 430 crore and reported a mixed set of numbers in its Quarterly Results (Q1FY25) 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.