India's Cera Sanitaryware up 5% after Q4 profit rises

Cera Sanitaryware

13/05/2024 09:16

** Shares of Cera Sanitaryware  CERA.NS  up 5.2% at 7,094.65
rupees
    ** Co, which makes sanitaryware, tiles and bathroom
accessories, reports 19.4% Y/Y rise in Q4 consolidated net
profit while rev from ops rose 2.5% Y/Y
    ** Co also recommended a dividend of 60 rupees ($0.7184) per
share
    ** Trading vol 2.4x 30-day daily avg
    ** Avg rating of 16 analysts equivalent of "buy", median PT
is 8,365.50 rupees - LSEG data
    ** Stock fell 13.6% in March quarter, its biggest quarterly
fall since June 2022
    ** Stock down 10% YTD



($1 = 83.5226 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))