Introduction:
A small-cap stock has declared a stock split with December 13, 2024, as the record date. The move aims to enhance liquidity and affordability, making shares more accessible to investors while aligning with the company’s strategic goals to broaden market participation.
Share Price movement of Exxaro Tiles Limited:
On 20 November 2024, Exxaro Tiles Limited (NSE: EXXARO) stock opened at ₹88.45, reflecting a 0.75% increase from the previous close of ₹87.79. It touched an intraday high of ₹90.71 before dipping to ₹87.29.
At 12:15 pm the stock is trading at ₹89.18, up 1.58%. The company’s market capitalization stood at ₹399.00 crore, indicating steady investor interest.
Exxaro Tiles Limited share price rise after 1:10 stock split announcement:
Exxaro Tiles Limited has announced a stock split under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fixed Friday, December 13, 2024, as the record date to determine shareholder eligibility for the sub-division of shares.
Each shareholder holding one equity share of ₹10 face value will receive 10 equity shares of ₹1 face value fully paid up. This stock split aims to enhance liquidity and affordability, making the company’s shares more accessible to a broader range of investors.
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Recent news About Exxaro Tiles Limited:
On November 15, 2024, Exxaro Tiles Limited inaugurated its second international showroom in Bhutan. This strategic expansion aims to strengthen its global presence and cater to a broader international customer base, showcasing the company’s commitment to growth in the global market.
Ace investor holding of Exxaro Tiles Limited:
Dixitkumar Kacharabhai Patel:
Ace investor Dixitkumar Kacharabhai Patel holds a significant 5.23% stake in Exxaro Tiles Limited, amounting to 2,340,916 shares. With the stock currently priced at ₹89.16, this highlights the investor’s confidence in the company’s growth and long-term potential in the tiles industry.
Hitendrakumar Kacharabhai Patel
Ace investor Hitendrakumar Kacharabhai Patel holds a 3.94% stake in Exxaro Tiles Limited, amounting to 1,763,007 shares. With the stock trading at ₹89.16, this highlights the investor’s strategic investment in the company, reflecting confidence in its growth potential in the tiles sector.
Stock performance of Exxaro Tiles Limited for Period of 1 week, 6 months and 1 year:
Exxaro Tiles has delivered a mixed performance. Over the past week, the stock rose by 0.83%. However, it declined by 16.6% over six months and dropped significantly by 26.6% in the past year, reflecting challenges in maintaining consistent growth during this period.
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Shareholding pattern of Exxaro Tiles Limited:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 42.07 | 42.07 | 42.07 |
| FII | 5.52 | 4.02 | 4.15 |
| Retail & others | 52.42 | 53.92 | 53.78 |
About Exxaro Tiles Limited:
Exxaro Tiles Limited is a leading ceramic tile manufacturer, offering a wide range of vitrified tiles for residential and commercial spaces. With state-of-the-art facilities and innovative designs, the company focuses on quality and durability, catering to both domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
