Near-term weakness good entry point for India's CERA Sanitaryware - brokerage

Cera Sanitaryware

07/12/2023 06:40

** Cera Sanitaryware  CERA.NS  will see muted demand in Q3,
ICICI Securities said, citing management
    ** CERA's shares are down about 9% in the past three months
    ** We continue to like CERA as it could potentially be a
significant beneficiary of ongoing uptick in housing market,
ICICI Securities says
    ** Adds near-term demand tepidness may provide a good entry
point to stock
    ** CERA shares have gained 64% YTD, up 1% at 8,565 rupees on
Thursday
    
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))