Let's have a look at the weekly chart of Cera Sanitaryware, you can see the stock has come out after consolidation in a range (3700-4140) & this week given a stong breakout. You can also have a look on which can give you clear picture of range consolidation. The stock is presently trading arround 4500 levels and we can expect the stock to move towards 4934-5265-6900 in coming 6-9 months time.
Strong Rise in Demand expected after Covid-19 unlock & the company is having very good fundamentals most important the company is almost debt free, company reserves are rising every year, rise in EPS is a good sign. Promoter Holding is 54.48%, FII & DII holding about 26% and remaining with public.
So all these factors all together giving us confidence in this company so once can think of investing in this company after detailed study.
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