Cera Sanitaryware jumps after strong Q2 results

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Cera Sanitaryware rose 15.82% to Rs 1,833.70 at 13:52 IST on BSE after net profit jumped 48.31% to Rs 15.75 crore on 25.72% increase in total income from operations (net) to Rs 199.59 crore in Q2 September 2014 over Q2 September 2013.

The result was announced during trading hours today, 7 October 2014.

Meanwhile, the BSE Sensex was down 164.61 points, or 0.62%, to 26,403.38.

On BSE, so far 28,000 shares were traded in the counter, compared with an average volume of 2,661 shares in the past one quarter.

The stock hit a high of Rs 1,843.65 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,590 so far during the day. The stock hit a 52-week low of Rs 530 on 5 November 2013.

The stock had underperformed the market over the past one month till 1 October 2014, falling 5.58% compared with 1.11% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 24.99% as against Sensex's 4.12% rise.

The small-cap company has an equity capital of Rs 6.32 crore. Face value per share is Rs 5.

Cera Sanitaryware is into sanitaryware segment. Its product portfolio includes premium range of showers, steam cubicles, whirlpools, sanitaryware and faucets.

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