CERA is a well-known name in sanitary ware, faucets, tiles and home décor. The company’s certified products and stylish designs make it a penchant for many. It offers a wide range of experiences through an extensive range of products. To complement the sanitary ware products there is a variety of faucets, tiles, shower products, kitchen sinks and personal care products. Cera Sanitaryware Ltd is in the Realty-Household sector, having a market cap of Rs. 2,462.08 crores as on 28th December 2016. It has reported the sales of Rs. 249.21 crores and a net profit of Rs. 25.14 crores for the quarter ended September 2016.
Today, Cera sanitaryware share price gained over 9 per cent in trade today at NSE at the back of its strong fundamentals.
Currently, the stock is trading below its 50 DMA with the beta of 0.81. The stock has corrected over 4 per cent in past month. The company has the PE ratio of 25.78, well below its Industry PE of 27.49. This indicates that the company has the scope of growth left with it. Cera has reported the EPS of 19.33 in the September quarter. The company has no promoters holdings pledged.
At 2:58 PM, Cera sanitaryware share price was trading at Rs. 1982.35, up by 4.72 per cent. So far, approximately eight thousand shares have changed hands at the counter as compared to its twenty day average of 3500 shares. The face value Rs. 5 shares have the book value Rs. 323.68. The company has declared the dividend of Rs. 9 on 14th July 2016. At CMP, the stock is trading closer to its first resistance of Rs. 1939. If the stock breeches its first resistance its next resistance is seen at Rs. 1985. For the details on the support and resistance levels of the stock, visit Cera sanitaryware share price forecast page of Dynamic Levels website.
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