Anand Rathi has given Buy recommendation for Cera Sanitaryware with a target price of Rs. 5171 in its research report issued on May 19, 2022

Anand Rathi’s research report on Cera Sanitaryware

Cost improvements and price hikes in a high-cost context boosted Cera’s operating performance. While its B/S continues to be net cash, its coming sanitaryware and faucet expansions would help it cater to mounting demand.

Outlook

We upgrade our rating to a Buy, with a lower TP of Rs.5,171, at a PE of 30x FY24e.

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