The buyback will take place through a tender offer and the buyback size represents 9.68% of the total paid-up equity share capital.

Cera Sanitaryware approves Rs 130 crore buyback at 27% premium. Check record date

Cera Sanitaryware stock rose 5.14% to Rs 9384.95 in the afternoon session against the previous close of Rs 8925.45 on BSE. Market cap of the sanitaryware firm climbed to Rs 12,134 crore.

Cera Sanitaryware shares rise 5% in a sinking market, here’s why

Board of Cera Sanitaryware approves share buyback upto Rs 130 cr

The company has set Aug. 16 as the record date to determine the names of shareholders eligible for the buyback.

Cera Sanitaryware Board Approves Rs 130-Crore Buyback

Cera Sanitaryware said that its board has approved buyback upto Rs 130 crore at Rs 12,000 per share through tender route.

Cera Sanitaryware board OKs buyback proposal upto Rs 130 cr

Companies such as Welspun Living and Aurobindo Pharma have already announced share buybacks, while AIA Engineering, Savita Oil Technologies, and Cera Sanitaryware are scheduled to hold board meetings to consider similar actions.

Raining Buybacks: 6 companies announce buybacks post Budget. More to follow?

Prabhudas Lilladher recommended accumulate rating on Cera Sanitaryware with a target price of Rs 8486 in its research report dated March 21, 2024.

Accumulate Cera Sanitaryware; target of Rs 8486: Prabhudas Lilladher

Cera Sanitaryware - Near-Term Demand Tepidness May Provide A Good Entry Point: ICICI Securities

#2QWithCNBCTV18 | Target Rs 2,900 cr revenue by FY25, says Ayush Bagla, ED of Cera Sanitaryware. Tells Sonal Bhutra & Reema Tendulkar that the company plans to increase margin by 50-70 bps annually.

#cera #sanitarywares #q2fy24 #cnbctv18 #businessnewsinenglish #businessnewstoday #businessnewsinenglish #sharemarkettoday   


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Company Plans To Increase Margin By 50-70 bps Annually: Cera Sanitaryware | CNBC TV18

Prabhudas Lilladher recommended hold rating on Cera Sanitaryware with a target price of Rs 8224 in its research report dated August 04, 2023.

Hold Cera Sanitaryware; target of Rs 8224: Prabhudas Lilladher

Cera Sanitaryware Q1 Results Review - Another Good Quarter On Key Parameters: IDBI Capital

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Cera Sanitaryware Limited is engaged in the business of manufacturing, marketing and distribution of sanitaryware, faucetware and trading in tiles and other bathroom products. 