Company updateMoneycontrol
ICICI Securities maintains BUY on Cera Sanitaryware with Rs 7578 target
Positive+1
GreyOak summary
ICICI Securities maintains a BUY rating on Cera Sanitaryware with a target price of Rs 7,578. The company reported 27.4% YoY revenue growth, though operating margins dipped to 12.2% due to raw material headwinds. Management expects margins to improve as price hikes are passed on.
What it affects
- Cera SanitarywareCERAPositive +1
Revenue grew 27.4% YoY; OPM dipped to 12.2%.Rolling sentiment Neutral +12
Source
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