Cera Sanitaryware soars 8%, hits new high in weak market on healthy outlook

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.

Shares of Cera Sanitaryware hit a 52-week high of Rs 6,397.65 as they rallied 8 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market on healthy outlook. The stock surpassed its previous high of Rs 6,224.95, touched on February 14, 2023.  In comparison, the S&P BSE Sensex was down 0.59 per cent at 60,641 at 02:46 PM.

In past one month, the market price of Cera has outperformed the market by surging 20 per cent, as against an unmoved S&P BSE Sensex.

For October-December quarter (Q3FY23), Cera reported better-than-expected earnings with the company’s