Wednesday, July 6, 2011

Cera Sanitary Ware

Add Cera Sanitory ware on every falls...CMP 214. Low volume counter, so add in small lots at every falls for 1-2 years view...Very good portfolio stock...

Company is into manufacturing of Sanitary products. And every house uses it...and consumer industry story...and that too Indian domestic market growth story...so long way to go....

FY11 EPS of the company is 27 (but thr might be error, as EPS should be around 21.7 approx as per Net profit figure..) and PE of just 8, Hence short term it can move to 270 levels and long term also. a good bet....

FII buying from the market and March qtr had seen increase in holdings, promoter also increased holding...

Sales increases slowly and should see more rise as more and more construction of houses and offices increase in India.

Expect 300cr sales by FY12 and hence EPS of 29-30 approx and with PE of 10, we can easily get targets of 300...which is 50% approx move from this levels...good for long term investment....as sales grows...

Add at CMP and on every falls...

Cheers
Sanket
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Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.