Cera Sanitaryware shrugs off strong Q1 earnings

Cera Sanitaryware tumbled 5.01% to Rs 1,208 at 15:19 IST on BSE after net profit rose 21.91% at Rs 13.63 crore on 28.24% growth in total income from operations to Rs 162.33 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced during market hours today, 11 July 2014.

Meanwhile, the S&P BSE Sensex was down 364.16 points or 1.44% at 25,008.59.

On BSE, so far 1,901 shares were traded in the counter as against average daily volume of 5,175 shares in the past one quarter.

The stock was volatile. The stock tumbled as much as 5.63% at the day's low of Rs 1,200 so far during the day. The stock rose as much as 3.79% at the day's high of Rs 1,320 so far during the day. The stock had hit a 52-week low of Rs 449.70 on 28 August 2013. The stock had hit a record high of Rs 1,450 on 4 June 2014.

The stock had underperformed the market in the past one month till 10 July 2014, sliding 3.1% compared with Sensex's 0.82% fall. The scrip had, however, outperformed the market in past one quarter, jumping 51.28% as against Sensex's 11.7% rise.

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

Cera Sanitaryware is into sanitaryware segment.

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