Shares traded today on NSE at Rs. 95.90, up from Monday’s Rs. 80.39 as compared to the closing price of Rs. 15.51 or 19.29% to Rs.
The second buyer of these shares was Setu Securities Private Limited who paid Rs. 96.38 bought 5.55 lakh shares and the total cost of acquisition was Rs. 5.3 crores.
The Gujarat based company is mainly engaged in manufacturing and marketing of vitrified tiles used for flooring solutions. The company started business in 2007-08 as a partnership firm as a manufacturer of frit, one of the raw materials used in the production of tiles.
Exaro Tiles has been a laggard in the market and has seen its share price fall by 25% in the past one month. This year, so far, the share price has fallen 18%.
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According to Trendline data, the stock touched its 200-day simple moving average (SMA) of Rs. is trading below 99.80 while managing to stay above its 50-day SMA of 85.5. It is relatively stable with a 1-year beta around 0.7.
In another block deal, market debutant Arcade Developers saw multiple block deals where GRT Strategic Ventures LLP, Pure Broking, NK Securities Research and Aakraya Research LLP bought shares in the company. Both together Rs. 173 crore shares bought.
Shares traded on NSE today at Rs. 175 which was listed at Rs. 128 was a 37% premium over the issue price.
Also Read: Private Bank Stocks Outperform PSU Banks Will the momentum last?
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