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| Last Updated:21/08/2014

Latest News(Archive)

Latest News

Cera Sanitaryware soars on Govt’s sanitation push

Business Line, 20 August 2014


AHMEDABAD: Buoyed by robust investor sentiment on promising businesses, Ahmedabad-based bathroom solutions provider, Cera Sanitaryware, has witnessed an uninterrupted journey on the bourses. The company shares surged nearly four times in a year to hit a 52-week high of ₹1,750 on Wednesday.


Signals for growth


While investors are gung-ho about the counter, the company has set its eyes on the Centre, which has sent strong signals for a push in the housing and sanitation segments.


Cera, which has an integrated business portfolio of bathroom solutions, has by far outperformed the industry growth with a five-year CAGR of 36 per cent. The industry, which is estimated to be worth ₹1,500 crore, has been growing at around 15 per cent. Read more....