Exxaro Tiles’ share price increased by over 8% today, Tuesday. The penny stock, priced below ₹10, went up by 8.6%, reaching ₹9.48 on the Bombay Stock Exchange (BSE).
This rise in the stock price is linked to an important company announcement.
Company’s Fundraising Plans and Upcoming Meeting
Exxaro Tiles revealed in its regulatory filing that its board members are scheduled to meet on Saturday, February 8, 2025.
During this meeting, they will approve the company’s financial results for the third quarter of the fiscal year, ending December 2024.
Additionally, the board will finalize plans for raising funds to set up a 15 MW solar energy project.
As per SEBI regulations, the trading window for Exxaro Tiles shares has been closed since January 1, 2025, and will reopen 48 hours after the financial results are made public.
Stock Performance and Market Overview
Exxaro Tiles is a small-cap stock that has shown a downtrend in its performance. The share price reached a 52-week high of ₹12.40 on January 20, 2024,
and a 52-week low of ₹7.60 on August 16, 2024. This penny stock, trading below ₹10, is available on both the BSE and NSE. The company has a market capitalization of ₹400 crore.
Announcement of Fund Raising Plan
Exxaro Tiles shared that its board will meet next month, on February 8, 2025, to approve the financial results for the third quarter of the fiscal year ending December 2024
In addition to this, the board will also discuss plans to raise funds for setting up a 15 MW solar energy project.
Following SEBI regulations, Exxaro Tiles has closed its trading window from January 1, 2025, and it will reopen 48 hours after the results are made public.
Stock Performance and Market Trends
Exxaro Tiles is a small-cap stock with a downtrend. The stock reached its highest price in the last 52 weeks at ₹12.40 on January 20, 2024, and its lowest at ₹7.60 on August 16, 2024.
Exxaro Tiles shares, priced under ₹10, are traded on both the BSE and NSE. The company’s market capitalization is ₹400 crore.
