India's Exxaro Tiles surges nearly 14% as unit resumes ops

Exxaro Tiles

29/12/2022 04:45

** Shares of Exxaro Tiles  EXXA.NS  up as much as 13.81% to
124 rupees, best intra-day pct gain since Dec. 22    
    ** Flooring products manufacturer on Wednesday said its
Padra Plant (unit 1) resumed ops after equipment upgradation and
maintenance
    ** Co said it had sufficient inventory to fulfill product
demand during shutdown at unit with a capacity of 3.6 mln sq.
metre per annum
    ** EXXA's second unit in Gujarat has a capacity of 11 mln
sq. metre per annum
    ** Upto 255,018 shares change hands by 09:49 a.m. IST, 2.2x
of its 30-day moving avg
    ** Stock down 24.6% YTD, as of last close
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))