BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal
shares in Exxaro Tiles Limited through its European subsidiary BofA Securities Europe SA on Tuesday at a price of Rs 6.4 crore via block deal. The price it paid for each share of this smallcap counter was Rs 96.22.
The stock today ended at Rs 95.90 on the NSE, gaining by Rs 15.51 or 19.29% over the Monday closing price of Rs 80.39.
Another buyer of this stock was Setu Securities Pvt Ltd. which bought 5.55 laskh shares at a price of Rs 96.38 apiece taking the overall cost of acquisition at Rs 5.3 crore.
The Gujarat-based company is engaged in manufacturing and marketing of vitrified tiles used majorly for flooring solutions. The company started business as a partnership firm in 2007-08 as a manufacturer of frit, which is one of the raw materials used in manufacturing of tiles.
Exxaro Tiles has been a market laggard and seen its share price erode by 25% over the last one month. In this year, so far, the stock has lost 18% in share price value.
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