Cera Sanitaryware surges on getting rating reaffirmation from CARE for bank facilities

16 Aug 2012

Cera Sanitaryware is currently trading at Rs. 327.00, up by 4.85 points or 1.51% from its previous closing of Rs. 322.15 on the BSE.

The scrip opened at Rs. 319.25 and has touched a high and low of Rs. 327.00 and Rs. 319.25 respectively. So far 4719 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 327.00 on 16-Aug-2012 and a 52 week low of Rs. 158.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 327.00 and Rs. 293.00 respectively. The current market cap of the company is Rs. 411.22 crore.

The promoters holding in the company stood at 55.36% while Institutions and Non-Institutions held 3.02% and 41.62% respectively. 

Credit rating agency, CARE has reaffirmed the ratings assigned to the bank facilities of Cera Sanitaryware. The rating agency has reaffirmed A+ rating to the company’s long-term bank facilities worth Rs 94.46 crore while, the rating agency has also reaffirmed A1+ rating to short-term bank facilities worth Rs 22 crore of the company.

The company has received the said rating reaffirmation on the back of vast experience of the promoters along with the strong market position of Cera Sanitaryware (CSL) with an established brand in the Indian sanitaryware industry.

Cera Sanitaryware is a pioneer in the sanitaryware segment in India. Its manufacturing facility is located at Kadi in the Mehsana district of Gujarat. 

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Cera Sanitaryware Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323