Cera Sanitaryware spurts after strong Q1 numbers

Cera Sanitaryware jumped 16.17% to Rs 2,189 at 14:49 IST on BSE after net profit rose 14.89% to Rs 15.66 crore on 19.66% growth in total income from operations (net) to Rs 194.26 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 15 July 2015.

Meanwhile, the S&P BSE Sensex was up 248.61 points or 0.89% at 28,181.51.

The stock surged on heavy volumes. On BSE, so far 90,000 shares were traded in the counter as against average daily volume of 2,335 shares in the past one quarter.

The stock hit a high of Rs 2,205 and a low of Rs 1,858.50 so far during the day. The stock had hit a record high of Rs 2,952.05 on 15 April 2015. The stock had hit a 52-week low of Rs 1,200 on 24 July 2014.

The stock had underperformed the market over the past one month till 14 July 2015, sliding 3.81% compared with Sensex's 5.71% rise. The scrip had also underperformed the market in past one quarter, declining 33.74% as against Sensex's 3.83% fall.

The small-cap company has equity capital of Rs 6.50 crore. Face value per share is Rs 5.

Cera's extensive product portfolio includes high end showers, steam cubicles, and whirlpools, besides sanitaryware and faucets, has made Cera the primary choice of customers looking for stylish products in a contemporary lifestyle.

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