Exxaro Share Price | This stock is running at rocket speed, earning 28% in just 2 days, investors are devastated – Hindi News
Exxaro Share Price | There has been a rise in the shares of a small company named Exxaro Tiles. Shares of Exxaro Tiles rose more than 8 percent to Rs 105.44 on BSE on Wednesday. The company's shares have risen 28 percent in two days. Shares of Exxaro Tiles were up nearly 20 percent on Tuesday. The company's shares also rose after a big announcement. The company announced on Tuesday that the company's board of directors will meet on October 14 to consider a stock split. (Exxaro Tiles Limited Company Excerpt)
For the first time, Exxaro Tiles will split its stock. The company has never previously split stock or issued bonus shares to investors. At present the face value of Exxaro Tiles shares is Rs 10. The stock's 52-week high is Rs 146.90. Whereas the lowest level of 52 weeks has been Rs 76.02. The market cap of Exxaro Tiles has crossed Rs 450 crore. On Friday (September 27, 2024), the stock was trading at Rs 94.1, down 0.51%. BofA Securities Europe SA on Tuesday bought 6.66 lakh shares of Exxaro Tiles through a block deal. BofA Securities bought the shares at Rs 96.22 per share. Prior to the transaction, the Global Fund had no stake in Exxaro Tiles. Foreign portfolio investors' stake in the company is 4 percent. However, domestic units do not hold any stake in the company. AG Dynamic Fund holds 1.34 per cent stake in the company, while Entuit has 2.03 per cent stake. Small investors with share capital up to Rs 2 lakh hold 17.56 per cent stake in Exxaro Tiles.
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