Nirmal Bang's Stock Idea
Nirmal Bang is Bullish on Cera Sanitaryware Ltd.
Idea Submitted on 28Sep,2018
  • 77 Total Ideas
  • 11 Active Ideas
  • 66 Closed Ideas
  • 0 Friends
  • 7 Followers
  • Avg. Returns
     2.42%
    Rank
    15
    Success Rate
      49.35%
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      Idea Status :  Active
    Idea is Open
     Time Frame
    1year
     Start Price
    2675
     Target Price
    3483
     Stop Loss
    1605
     Projected Gain
    808 (30.21% Upside)
     Live Returns
    -373.55     -13.96%
     Analysis

    we expect Cera to expand its EBIT margin from 12.7% in FY18 to 14.7 % in FY21E, which is in reversion to its own 10-year median level. RoCE should improve from 22.7% in FY18 to 26.6% in FY21E. As the company continues to outsource manufacturing, its capex requirement remains limited. We have initiated coverage on the stock with a Buy rating and a target price of Rs 3,483, up 30% from the CMP.

    • Stoploss not specified.(stoploss of 40% auto inserted)

    Link to Report: READ FULL REPORT

     Stock Price Movement (EOD Basis)
     C.M.P Cera Sanitaryware
    2301.45
    Sentimeter
    Buy Calls: 1 Sell Calls: 0
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