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Buy Cera Sanitaryware; target of Rs 7222: Anand Rathi

Anand Rathi is bullish on Cera Sanitaryware has recommended buy rating on the stock with a target price of Rs 7222 in its research report dated February 03, 2023.

February 10, 2023 / 21:42 IST
     
     
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    Anand Rathi's research report on Cera Sanitaryware

    With its highest quarterly revenue and good operating margins, Cera Sanitaryware’s strong performance in Q3 continues. While it continues to operate at 100%, it continues to gain market share. The ongoing expansions are on track and the B/S is robust with healthy cash generation. The higher retail share, high SKU-addition focus, price rationalisation, etc., are key positives.

    Outlook

    We retain our Buy rating, with a higher TP of Rs7,222 (earlier Rs6,820), at a PE of 33x FY25e.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Cera Sanitaryware - 07 -02 - 2023 - anand

    Broker Research
    first published: Feb 10, 2023 09:42 pm

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