BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak downgrades Cera Sanitaryware to reduce
Kotak has downgraded Cera Sanitaryware to 'reduce' for target price of Rs 2,050 per share. It says Cera Sanitaryware's business is growing, but it is fairly valued. Expect CAGR growth of less than 20 per cent over FY16-19. It adds that current market price reflects much more than Cera's market share as Cera's price to earnings ratio is at 26 times 1 year forward earnings.