Penny stock below ₹10 jumps over 8% after fundraise move. Details here | Stock Market News
Penny stock below ₹10: Exxaro Tiles share price jumped over 8% on Tuesday after the company announced plans for fundraising. Exxaro Tiles share is a penny stock below ₹10 and has spiked as much as 8.6% to ₹9.48 apiece on the BSE today.
Exxaro Tiles said that its board of directors will meet next month to approve financial results for the fiscal third quarter ended December 2024 along with a fundraising plan.
The meeting of the Board of Directors of the company is scheduled to be held on Saturday, 8 February, 2025, to consider and approve Standalone and Consolidated unaudited Financial Results for the quarter and nine months year ended 31st December 2024, Exxaro Tiles said in a regulatory filing.
To board of directors will also finalize the mode of raising funds for installation of a 15 MW solar Power Project which was approved by the Board on 28th May 2024 to meet the energy requirements of its manufacturing plants at Talod (10 MW) and Padra (5 MW) through green energy, the company added.
Meanwhile, the trading window in the Exxaro Tiles shares has already been closed with effect from 1st January, 2025 and shall reopen after the expiry of 48 hours from the time the result becomes generally available, in accordance with SEBI regulations.
Exxaro Tiles Stock Price Trend
Exxaro Tiles stock is a smallcap stock and has been on a downward trend. Exxaro Tiles share price hit a 52-week high of ₹12.40 apiece on January 20, 2024, and touched a 52-week low of ₹7.60 apiece on August 16, 2024.
At 3:25 PM, Exxaro Tiles shares were trading 2.18% higher at ₹8.92 apiece on the BSE.
The small-cap penny stock below ₹10 is available for trade on both BSE and NSE. It has generated a trade volume of over 5 lakh, and around 10 minutes of trade is still left on Monday. The penny stock below ₹10 has a market cap of ₹400 crore. Its 52-week high is ₹12.24 apiece on the NSE, while its 52-week low is ₹7.60 per share.
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