Cera Sanitaryware zooms 12%, hits new high on healthy outlook

Last month, rating agencies Care Ratings and Crisil Ratings had reaffirmed the bank facilities and commercial paper of CSL with a stable outlook

Shares of Cera Sanitaryware rallied 12 per cent to hit a new high of Rs 5,699 on the BSE in Tuesday’s intra-day trade on expectations of healthy demand for sanitaryware, faucetware and tiles. The stock surpassed its previous high of Rs 5,050 touched on September 24, 2021. In the past one week, it has zoomed 25 per cent, as compared to a 1 per cent rise in the S&P BSE Sensex.

At 12:50 pm, the stock was trading 9.5 per cent higher at Rs 5,585 on the BSE, as compared to a 1.05 per cent decline in the benchmark index.

Cera Sanitaryware