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In past one month, the stock price of Cera has outperformed the market by surging 20 per cent as against an unmoved S&P BSE Sensex.
Expansion plans includes a greenfield sanitaryware plant and a brownfield faucetware unit
Last month, rating agencies Care Ratings and Crisil Ratings had reaffirmed the bank facilities and commercial paper of CSL with a stable outlook
Cera recorded a net sales income of Rs 261 crore in July-September this year as against Rs 232 crore in Q2 during 2015-16