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Somany Ceramics rises on entering into JV agreement to set up tile manufacturing facility in Nepal Somany Ceramics is currently trading at Rs. 690.95, up by 2.55 points or 0.37% from its previous closing of Rs. 688.40 on the BSE. The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 700.05 and Rs. 689.05 respectively. So far 1801 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 818.00 on 12-Jul-2023 and a 52 week low of Rs. 445.40 on 23-Dec-2022. Last one week high and low of the scrip stood at ...
Somany Ceramics rises on entering into JV agreement to set up tile manufacturing facility in Nepal
Somany Ceramics rises on entering into JV agreement to set up tile manufacturing facility in Nepal
Source: Accord Fintech
23/08/2023 12:42:01 PM
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,610 - Geojit Financial Services Sustained margin improvement intact Kajaria Ceramics Limited manufactures glazed and unglazed ceramic tiles. It sells its products in India and also exports to other countries. • In Q1FY24, its revenue grew 5.6% YoY to Rs. 1,064cr, led by higher sales volume (+7.2% YoY). • EBITDA grew 10.2% YoY to Rs. 169cr, and margin expanded 70 bps YoY to 15.9%. A reduction in fuel and power costs supported EBITDA growth and margin expansion. • Demand growth from September onward...
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,610 - Geojit Financial Services
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,610 - Geojit Financial Services
Source: Geojit Financial Services
18/08/2023 3:15:08 PM
Kajaria Ceramics rises on completing expansion cum modernisation of manufacturing facility at Sikanderabad Kajaria Ceramics is currently trading at Rs. 1448.25, up by 11.20 points or 0.78% from its previous closing of Rs. 1437.05 on the BSE. The scrip opened at Rs. 1444.85 and has touched a high and low of Rs. 1468.00 and Rs. 1444.85 respectively. So far 2081 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1489.55 on 20-Jul-2023 and a 52 week low of Rs. 1006.40 on 29-Mar-2023. Last one week high and low of the scrip ...
Kajaria Ceramics rises on completing expansion cum modernisation of manufacturing facility at Sikanderabad
Kajaria Ceramics rises on completing expansion cum modernisation of manufacturing facility at Sikanderabad
Source: Accord Fintech
11/08/2023 3:17:27 PM
Asian Granito India gains on acquiring additional stake in Amazoone Ceramics Asian Granito India is currently trading at Rs. 49.20, up by 0.40 points or 0.82% from its previous closing of Rs. 48.80 on the BSE. The scrip opened at Rs. 48.99 and has touched a high and low of Rs. 49.50 and Rs. 48.25 respectively. So far 33731 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.05 on 06-Sep-2022 and a 52 week low of Rs. 34.22 on 29-Mar-2023. Last one week high and low of the scrip stood at R...
Asian Granito India gains on acquiring additional stake in Amazoone Ceramics
Asian Granito India gains on acquiring additional stake in Amazoone Ceramics
Source: Accord Fintech
11/08/2023 10:52:27 AM
Buy Cera Sanitaryware Ltd For Target Rs. 9,317- Centrum Broking Ltd Cera’s sales grew by 8% YoY to record its highest first quarterly sales of Rs4.3bn. 1Q is seasonally a slow quarter for the company contributing 18-20% to the annual sales. Sanitaryware/Faucetware grew by 7/8% YoY contributing 53/35% respectively. New products contributed 29% (v. 34% in 4QFY23). Gross margins improved 130bps YoY (+140bps QoQ) at 54.8%. EBITDA margins inclined by 60bps YoY and stood flat QoQ at 16.4%. We maintain our bullish stance on Cera on account of sustained growth ...
Buy Cera Sanitaryware Ltd For Target Rs. 9,317- Centrum Broking Ltd
Buy Cera Sanitaryware Ltd For Target Rs. 9,317- Centrum Broking Ltd
Source: Centrum Broking Ltd
9/08/2023 2:19:29 PM
Asian Granito India rises on acquiring 61% stake in Gresart Ceramica Asian Granito India is currently trading at Rs. 45.59, up by 0.54 points or 1.29% from its previous closing of Rs. 45.05 on the BSE. The scrip opened at Rs. 44.21 and has touched a high and low of Rs. 45.94 and Rs. 44.21 respectively. So far 3365 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.05 on 06-Sep-2022 and a 52 week low of Rs. 34.22 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs...
Asian Granito India rises on acquiring 61% stake in Gresart Ceramica
Asian Granito India rises on acquiring 61% stake in Gresart Ceramica
Source: Accord Fintech
3/08/2023 9:49:37 AM
India`s Kajaria Ceramics beats Q1 profit estimates on stronger demand India's top tilemaker Kajaria Ceramics reported a better-than-expected first-quarter profit on Wednesday, as sustained demand for home fixtures offset higher costs. The company said its consolidated net profit rose more than 16% to 1.08 billion rupees ($13.17 million) in the quarter ended June 30. Analysts on average were expecting a profit of 1.05 billion rupees, according to Refinitiv IBES data. Demand for tiles and other home fixtures has risen in the country amid increasing p...
India`s Kajaria Ceramics beats Q1 profit estimates on stronger demand
India`s Kajaria Ceramics beats Q1 profit estimates on stronger demand
Source: Reuters
26/07/2023 4:03:56 PM
Buy Kajaria Ceramics Ltd For Target Rs.1680 - ICICI Direct Poised for a heathy Growth and margin expansion! About the stock: Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India with current annual capacity of 84.5 mn. sq. meters (MSM) as of FY23 • Apart from completed capex of | 250 crore on tiles, it is adding 2.4 MSM brownfield capex in Sikandrabad and setting up a plant of 5.1 MSM in Nepal in JV.   Key Investment Thesis: • Healthy Tiles volume growth with supportive catalyst: The management h...
Buy Kajaria Ceramics Ltd For Target Rs.1680 - ICICI Direct
Buy Kajaria Ceramics Ltd For Target Rs.1680 - ICICI Direct
Source: ICICI Direct
16/07/2023 9:56:44 AM
India Ceramics Sector Update : Optimism on recovery continues By JM Financial Optimism on recovery continues In 4QFY23, leading ceramic companies (Kajaria/ Somany) registered improvement in volume (+8%/9% YoY and 10%/9% QoQ) as demand for home improvement and construction activity rose in Feb-Mar’23 after a weak Oct-Nov’22. Blended gas prices fell 15-21% QoQ to INR 45.9/48.6 per scm for Kajaria/ Somany respectively, hence gross margin (post P&F) expanded by 160bps/ 110bps QoQ during the quarter. Natural gas prices have dipped further during 1QFY24 (A...
India Ceramics Sector Update : Optimism on recovery continues By JM Financial
India Ceramics Sector Update : Optimism on recovery continues By JM Financial
Source: JM Financial Institutional Securities Ltd
29/06/2023 2:25:23 PM
Buy Kajaria Ceramics Ltd For Target Of Rs. 1459 - Religare Securities Mixed performance; positive future outlook; Maintain Buy   Steady revenue growth: Kajaria Ceramics posted steady revenue growth 9.4% YoY and 10.4% QoQ largely driven by strong demand and improvement in volumes. Its production volumes came in at 20.54 MSM which grew by 13% YoY and 0.2% QoQ while its sales volumes stood at 28.02 MSM and grew by 7.9% YoY and 10.1% QoQ. For FY23, its revenue too witnessed strong growth of 18.3% and sales and products volumes increase of 11% YoY and 16....
Buy Kajaria Ceramics Ltd For Target Of Rs. 1459 - Religare Securities
Buy Kajaria Ceramics Ltd For Target Of Rs. 1459 - Religare Securities
Source: Religare Broking Ltd
7/06/2023 4:48:50 PM
Buy Somany Ceramics Ltd For Target Rs.860 - JM Financial Institutional Securities Decent quarter; guidance intact Somany Ceramics’ (Somany) 4QFY23 print was above expectation as Revenue/EBITDA/ PAT was 7%/17%/15% above JMFe respectively (4%/13%/5% above consensus). Tile revenue grew 9% YoY/7% QoQ (+7% 4-year CAGR) mainly led by volume (+9% YoY/QoQ) while realisation was flat YoY/-1% QoQ. Tile volume performance was in line with the industry leader (9% / 8% YoY for Somany/ Kajaria respectively). As per the management, demand environment continues to be subdued. Red...
Buy Somany Ceramics Ltd For Target Rs.860 - JM Financial Institutional Securities
Buy Somany Ceramics Ltd For Target Rs.860 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
6/06/2023 2:38:42 PM
ADD Kajaria Ceramics Ltd For Target Rs.1,357 - Yes Securities Ltd Expect 12% volume growth, Upgrade to ADD Result Synopsis Kajaria Ceramics Ltd (KJC), reported decent volume growth of 10%YoY & 8%QoQ to 28.02msm (2-year CAGR stood at 2%). Own-manufacturing (54% of vols) grew by 5%YoY & 9%QoQ, JVs (22% of vols) increased by 62%YoY & 17%QoQ. Outsourcing vols (24% of vols) registered a decline of 13%YoY & a growth of 8%QoQ. In terms of revenue, tiles (90% of total revenue) reported a growth of 8%YoY & 10%QoQ, Sanitaryware biz registere...
ADD Kajaria Ceramics Ltd For Target Rs.1,357 - Yes Securities Ltd
ADD Kajaria Ceramics Ltd For Target Rs.1,357 - Yes Securities Ltd
Source: Yes Securities Ltd
2/06/2023 2:33:59 PM
Somany Ceramics surges on getting nod to raise Rs 50 crore Somany Ceramics is currently trading at Rs. 645.15, up by 9.75 points or 1.53% from its previous closing of Rs. 635.40 on the BSE. The scrip opened at Rs. 645.15 and has touched a high and low of Rs. 645.15 and Rs. 645.15 respectively. So far 141 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 694.00 on 12-Aug-2022 and a 52 week low of Rs. 445.40 on 23-Dec-2022. Last one week high and low of the scrip stood at R...
Somany Ceramics surges on getting nod to raise Rs 50 crore
Somany Ceramics surges on getting nod to raise Rs 50 crore
Source: Accord Fintech
25/05/2023 9:48:32 AM
Buy Kajaria Ceramics Ltd For Target Rs.1,300 - JM Financial Institutional Securities Kajaria Ceramics’ (KJC) 4QFY23 tiles volume performance was in line with JMFe, whereas EBITDA /PAT was 6%/10% above JMFe (5%/9% above BBRG consensus)). Tile revenue grew 8% YoY/ 10% QoQ (+9% 4-year CAGR), largely led by growth in volume (+8% YoY/10% QoQ; +6% 4-year CAGR) on account of demand improvement during Jan-Feb’23 after a weak Oct-Nov’22 . Realisation was flat YoY /QoQ (+4%, 4-year CAGR; in line with JMFe). Softening in gas prices coupled with change in fuel mix (use ...
Buy Kajaria Ceramics Ltd For Target Rs.1,300 - JM Financial Institutional Securities
Buy Kajaria Ceramics Ltd For Target Rs.1,300 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
24/05/2023 1:48:02 PM
Buy Kajaria Ceramics Ltd For Target Rs.1,490 - Motilal Oswal Financial Services Ltd Sustained improvement in market share: Kajaria Ceramics (KJC) is a leading tiles manufacturer in India with ~6% revenue share in the domestic market. It has gained market share steadily underpinned by superior distribution network (7% CAGR over FY12-23), improved geographical reach and premium/new tile launches (~750 SKUs in FY23) * leads to higher volume and revenue share: KJC’s industry volume share to rise to 4.5% in CY22E from 4.2% in CY17; whereas, its revenue share within ...
Buy Kajaria Ceramics Ltd For Target Rs.1,490 - Motilal Oswal Financial Services Ltd
Buy Kajaria Ceramics Ltd For Target Rs.1,490 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
24/05/2023 11:40:48 AM
Kajaria Ceramics gains on getting nod to make investment in Sunsure Solarpark Two Kajaria Ceramics is currently trading at Rs. 1186.00, up by 8.75 points or 0.74% from its previous closing of Rs. 1177.25 on the BSE. The scrip opened at Rs. 1157.25 and has touched a high and low of Rs. 1200.45 and Rs. 1157.25 respectively. So far 24656 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1279.95 on 21-Sep-2022 and a 52 week low of Rs. 898.00 on 24-Jun-2022. Last one week high and low of the scrip s...
Kajaria Ceramics gains on getting nod to make investment in Sunsure Solarpark Two
Kajaria Ceramics gains on getting nod to make investment in Sunsure Solarpark Two
Source: Accord Fintech
16/05/2023 3:11:29 PM
Cera Sanitaryware spurts on reporting 18% rise in Q4 consolidated net profit Cera Sanitaryware is currently trading at Rs. 6853.95, up by 141.65 points or 2.11% from its previous closing of Rs. 6712.30 on the BSE. The scrip opened at Rs. 6758.40 and has touched a high and low of Rs. 6928.00 and Rs. 6706.65 respectively. So far 815 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6,928.00 on 11-May-2023 and a 52 week low of Rs. 3757.05 on 11-May-2022. Last one week high and low of the scri...
Cera Sanitaryware spurts on reporting 18% rise in Q4 consolidated net profit
Cera Sanitaryware spurts on reporting 18% rise in Q4 consolidated net profit
Source: Accord Fintech
11/05/2023 1:56:45 PM
India Ceramics Sector Update : Demand steady; fuel cost savings to kick in By JM Financial Institutional Securities Ltd Our dealer checks and industry discussions suggest a) modest demand as construction activity and demand for home improvement have gone up in Feb-Mar’23 from Oct-Dec’22 (Q3FY23), b) demand in tier 2 and below cities is better than that in metros and tier 1 cities, c) competitive intensity in the tile industry has intensified due expansion of the distribution footprint by regional players, coupled with higher spending on branding and new launches. Tile exports from India remains rob...
India Ceramics Sector Update : Demand steady; fuel cost savings to kick in By JM Financial Institutional Securities Ltd
India Ceramics Sector Update : Demand steady; fuel cost savings to kick in By JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
5/04/2023 2:23:04 PM
Buy Cera Sanitaryware Ltd For Target Rs.6,216 - ICICI Securities We recently interacted with the management of Cera Sanitaryware (CRS). Following are the key takeaways: 1) Demand scenario remains healthy for core categories of sanitaryware and faucetware with both being driven by residential housing and home improvement markets primarily from tier 2 and below cities. The company indicated it is on track to achieve its guidance of doubling revenues in 40 months (starting FY22). 2) CRS has taken no price hikes across segments in Q4FY23 and does not foresee a...
Buy Cera Sanitaryware Ltd For Target Rs.6,216 - ICICI Securities
Buy Cera Sanitaryware Ltd For Target Rs.6,216 - ICICI Securities
Source: ICICI Securities
29/03/2023 3:13:55 PM
Asian Granito India gains on incorporating wholly owned subsidiary Asian Granito India is currently trading at Rs. 36.74, up by 0.15 points or 0.41% from its previous closing of Rs. 36.59 on the BSE. The scrip opened at Rs. 36.20 and has touched a high and low of Rs. 36.90 and Rs. 36.20 respectively. So far 18923 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.10 on 11-Apr-2022 and a 52 week low of Rs. 36.00 on 20-Mar-2023. Last one week high and low of the scrip stood at ...
Asian Granito India gains on incorporating wholly owned subsidiary
Asian Granito India gains on incorporating wholly owned subsidiary
Source: Accord Fintech
27/03/2023 11:02:44 AM
Buy Cera Sanitaryware Ltd For Target Rs.7,222 - Anand Rathi Share and Stock Brokers Highest quarterly revenue; retaining a Buy With its highest quarterly revenue and good operating margins, Cera Sanitaryware’s strong performance in Q3 continues. While it continues to operate at 100%, it continues to gain market share. The ongoing expansions are on track and the B/S is robust with healthy cash generation. The higher retail share, high SKU-addition focus, price rationalisation, etc., are key positives. We retain our Buy rating, with a higher TP of Rs7,222 (earlier Rs6...
Buy Cera Sanitaryware Ltd For Target Rs.7,222 - Anand Rathi Share and Stock Brokers
Buy Cera Sanitaryware Ltd For Target Rs.7,222 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
28/02/2023 2:03:14 PM
Kajaria Ceramics inches up as its arm executes joint venture agreement with AL Rathath Marble Factory Kajaria Ceramics is currently trading at Rs. 1121.35, up by 2.65 points or 0.24% from its previous closing of Rs. 1118.70 on the BSE. The scrip opened at Rs. 1155.00 and has touched a high and low of Rs. 1155.00 and Rs. 1108.10 respectively. So far 1623 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 886.05 on 09-Mar-2022. Last one week high and low of the scrip st...
Kajaria Ceramics inches up as its arm executes joint venture agreement with AL Rathath Marble Factory
Kajaria Ceramics inches up as its arm executes joint venture agreement with AL Rathath Marble Factory
Source: Accord Fintech
16/12/2022 10:57:35 AM
Buy Somany Ceramics Ltd For Target Rs.896 - ICICI Securities Higher gas cost impacts profitability; H2 to be better Somany Ceramics (SOMC) reported in-line Q2FY23 consolidated revenue growth of 10.2% YoY (3-year CAGR of 13.5%) with tile realisation growth of 11.3% YoY (+1.3% QoQ) as tiles volume declined 1.7% YoY (+11.5% QoQ; 3-year CAGR of 8.1%) on a high base. Consolidated EBITDA margin declined 533bps YoY (-120bps QoQ) to 6.8% due to higher power and fuel cost (+721 bps YoY) resulting in an EBITDA/APAT decline of 38.1%/53.3% YoY. Management state...
Buy Somany Ceramics Ltd For Target Rs.896 - ICICI Securities
Buy Somany Ceramics Ltd For Target Rs.896 - ICICI Securities
Source: ICICI Securities Ltd
14/12/2022 11:34:10 AM
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - ICICI Securities Demand environment steady We reiterate our BUY rating on Cera Sanitaryware (CRS) driven by the sustained healthy demand environment aided by pick-up in the residential housing market as well as in home improvement market. Our interaction with dealers and industry participants indicates continued demand tailwinds even in Q3FY23E-TD in the segments of sanitaryware and faucetware (except in NCR region, where construction has been banned since Nov’22 to combat pollution). CRS’s ope...
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - ICICI Securities
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - ICICI Securities
Source: ICICI Securities Ltd
11/12/2022 12:13:33 PM
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - Yes Securities Strong growth momentum to continue, Maintain ADD! Result Synopsis Cera Sanitaryware Ltd (CRS), reported a steady topline growth of 6%YoY & 5%QoQ to Rs4.16Bn. The growth was driven by Sanitaryware segment (54% of revenue) which reported a growth of 10%YoY & 5%QoQ. Faucet’s (34% of revenue), registered a growth of 6%YoY & benign 2%growth QoQ. Gross profit margins expanded from 50.7%/53.5% in Q2FY22/Q1FY23 to 55.8% in Q2FY23, largely on account of lower brass prices coupl...
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - Yes Securities
Buy Cera Sanitaryware Ltd For Target Rs. 6,280 - Yes Securities
Source: Yes Securities Ltd
6/12/2022 2:56:45 PM
Nitco posts Q2 net loss of Rs 36.10 cr The company reported standalone net loss during the quarter stood at Rs 36.10 crore as compared to net loss of Rs 26.75 crore in the previous year quarter. Net revenue of the company declined moderately by 17.55 per cent at Rs 73.71 crore in July-September quarter of this fiscal as against Rs 89.40 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 13.19 per cent to Rs 85.20 crore from Rs 98.14 crore in year ago period. Other Income di...
Nitco posts Q2 net loss of Rs 36.10 cr
Nitco posts Q2 net loss of Rs 36.10 cr
Source: Dion Global Solutions Ltd
23/11/2022 3:31:18 PM
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,180 - Geojit Financial Services Margins to improve in 2H23 Kajaria Ceramics Ltd manufactures glazed and unglazed ceramic tiles. The company sells its products in India and abroad. * Net sales grew 10.7% YoY to Rs. 1,078cr in Q2FY23, owing to higher prices. Profit after tax stood at Rs. 74cr, down from Rs. 116cr in Q2FY22. * EBITDA margin narrowed 650bps YoY to 12.0%, primarily due to a significant increase in gas costs. * The company had a weak quarter due to higher gas costs and subdued demand. The management e...
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,180 - Geojit Financial Services
Mid Cap : Accumulate Kajaria Ceramics Ltd For Target Rs. 1,180 - Geojit Financial Services
Source: Geojit Financial Services Ltd
10/11/2022 12:26:13 PM
Buy Kajaria Ceramics Ltd For Target Rs.1,312 - ICICI Securities Margins to improve in H2 on softening of fuel prices Kajaria Ceramics (KJC) reported in-line consolidated Q2FY23 revenue growth of 10.7% YoY led by 9.9% YoY increase in tile business realisation while volumes remained flat YoY, due to a high base (3-year CAGR of 8%). EBITDA margin declined 653bps YoY primarily due to higher power and fuel costs (+655bps YoY) resulting in EBITDA/APAT decline of 28.3%/37.6% YoY. Management stated demand conditions were subdued during Q2FY23 and the trend has...
Buy Kajaria Ceramics Ltd For Target Rs.1,312 - ICICI Securities
Buy Kajaria Ceramics Ltd For Target Rs.1,312 - ICICI Securities
Source: ICICI Securities Ltd
4/11/2022 2:12:05 PM
Kajaria Ceramics to foray into Nepal in JV Ceramic and vitrified tiles major, Kajaria Ceramics Ltd has decided to foray into Nepal with a manufacturing plant in joint venture with a local partner. The Board of Rs 3,299 crore company on Monday gave its nod to invest Rs 125 crore (50 per cent of the project cost) in a company to be incorporated in Nepal. The investment will be by way of equity and/or loan, for establishing a manufacturing facility in Nepal partnering with various individuals affiliated with Ramesh Corp, Nepal. ...
Kajaria Ceramics to foray into Nepal in JV
Kajaria Ceramics to foray into Nepal in JV
Source: IANS
3/10/2022 3:28:37 PM
Orient Bell soars on completing expansion at Hoskote plant Orient Bell is currently trading at Rs. 628.00, up by 29.10 points or 4.86% from its previous closing of Rs. 598.90 on the BSE. The scrip opened at Rs. 598.90 and has touched a high and low of Rs. 629.90 and Rs. 598.90 respectively. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 831.00 on 20-Jul-2022 and a 52 week low of Rs. 317.60 on 25-Oct-2021. Last one week high and low of the scrip stood at Rs. 633.50 and Rs. 539.10 respectively. The curre...
Orient Bell soars on completing expansion at Hoskote plant
Orient Bell soars on completing expansion at Hoskote plant
Source: Accord Fintech
27/09/2022 9:52:47 AM
Kajaria Ceramics rises on incorporating wholly-owned subsidiary Kajaria Ceramics is currently trading at Rs. 1223.95, up by 24.00 points or 2.00% from its previous closing of Rs. 1199.95 on the BSE. The scrip opened at Rs. 1220.00 and has touched a high and low of Rs. 1235.35 and Rs. 1203.45 respectively. So far 3171 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 886.05 on 09-Mar-2022. Last one week high and low of the scrip s...
Kajaria Ceramics rises on incorporating wholly-owned subsidiary
Kajaria Ceramics rises on incorporating wholly-owned subsidiary
Source: Accord Fintech
20/09/2022 3:31:28 PM
High conviction ideas : Buy Cera Sanitaryware Ltd For Target Rs. 5,375 - Centrum Broking Business Overview * Cera Sanitaryware (Cera) is the leading manufacturer in India with capacity of 2.5mn pieces p.a. of sanitaryware and 3.0mn pieces p.a. of faucetware based in Mehsana, Gujarat. In sanitaryware segment, Cera holds 17% of organized market share while 4% in faucetware * Over FY14-22, contribution from sanitaryware has gone down from 72% to 53% while at the same time contribution from faucetware and tiles have inched up from 16% to 33% and 8% to 12%, respectively Inves...
High conviction ideas : Buy Cera Sanitaryware Ltd For Target Rs. 5,375 - Centrum Broking
High conviction ideas : Buy Cera Sanitaryware Ltd For Target Rs. 5,375 - Centrum Broking
Source: Centrum Broking Ltd
10/09/2022 4:54:22 PM
Asian Granito gains on incorporating wholly owned foreign subsidiary company Asian Granito is currently trading at Rs. 60.55, up by 1.05 points or 1.76% from its previous closing of Rs. 59.50 on the BSE. The scrip opened at Rs. 59.05 and has touched a high and low of Rs. 60.90 and Rs. 59.05 respectively. So far 35788 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.47 on 06-Oct-2021 and a 52 week low of Rs. 38.80 on 06-Jul-2022. Last one week high and low of the scrip stood at Rs. 60...
Asian Granito gains on incorporating wholly owned foreign subsidiary company
Asian Granito gains on incorporating wholly owned foreign subsidiary company
Source: Accord Fintech
25/08/2022 11:24:27 AM
Kajaria Ceramics trades in green on the bourses Kajaria Ceramics is currently trading at Rs. 1189.05, up by 21.75 points or 1.86% from its previous closing of Rs. 1167.30 on the BSE. The scrip opened at Rs. 1170.00 and has touched a high and low of Rs. 1200.95 and Rs. 1170.00 respectively. So far 7112 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 886.05 on 09-Mar-2022. Last one week high and low of the scrip s...
Kajaria Ceramics trades in green on the bourses
Kajaria Ceramics trades in green on the bourses
Source: Accord Fintech
18/08/2022 12:52:12 PM
Add Cera Sanitaryware Ltd For Target Rs. 5,516 - Yes Securities Strong growth momentum to continue! Our view and valuation Cera Sanitaryware Ltd (CRS) registered a strong quarter on the back of healthy replacement demand backed by sturdy residential demand. Company’s Sanitaryware/Faucets/Tiles/Wellness segment constituted 54%/35%/10%/1% to total sales respectively during Q1FY23. Sanitaryware & Faucet’s capacity utilization for quarter stood at 109.5% & 102.6% respectively. In order to mitigate the rise in cost, CRS undertook pric...
Add Cera Sanitaryware Ltd For Target Rs. 5,516 - Yes Securities
Add Cera Sanitaryware Ltd For Target Rs. 5,516 - Yes Securities
Source: Yes Securities Ltd
15/08/2022 11:12:19 AM
Hold Somany Ceramics Ltd For Target Rs.730- ICICI Direct Gas prices continue to weigh on margins… About the stock: Somany Ceramics (SCL) is the second largest tiles manufacturers in the domestic tiles market having ~73 MSM capacity and sanitaryware, faucets capacity of 1.15 million (mn) pieces and 0.65 mn pieces, respectively * SCL’s new capacity of 11 MSM has potential to generate ~| 250-300 crore worth of additional revenue (at full capacity) which will drive FY23 growth   Q1FY23 Results: SCL reported a soft performa...
Hold Somany Ceramics Ltd For Target Rs.730- ICICI Direct
Hold Somany Ceramics Ltd For Target Rs.730- ICICI Direct
Source: ICICI Direct
11/08/2022 5:42:19 PM
Nitco posts Q1 net loss of Rs 38.52 cr The company reported standalone net loss during the quarter stood at Rs 38.52 crore as compared to net loss of Rs 31.39 crore in the previous year quarter. Net revenue of the company rose moderately by 14.08 per cent at Rs 90.59 crore in April-June quarter of this fiscal as against Rs 79.41 crore in the corresponding period last year.  During April-June quarter, operating expenses increased by 10.16 per cent to Rs 97.93 crore from Rs 88.90 crore in year ago period. Other Income grew by ...
Nitco posts Q1 net loss of Rs 38.52 cr
Nitco posts Q1 net loss of Rs 38.52 cr
Source: Dion Global Solutions Ltd
9/08/2022 2:19:01 PM
Kajaria Ceramics soars on getting nod to acquire 51% stake in South Asian Ceramic Tiles Kajaria Ceramics is currently trading at Rs. 1104.00, up by 31.00 points or 2.89% from its previous closing of Rs. 1073.00 on the BSE. The scrip opened at Rs. 1088.60 and has touched a high and low of Rs. 1109.65 and Rs. 1058.55 respectively. So far 5551 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1379.00 on 19-Jan-2022 and a 52 week low of Rs. 886.05 on 09-Mar-2022. Last one week high and low of the scrip s...
Kajaria Ceramics soars on getting nod to acquire 51% stake in South Asian Ceramic Tiles
Kajaria Ceramics soars on getting nod to acquire 51% stake in South Asian Ceramic Tiles
Source: Accord Fintech
22/07/2022 12:28:38 PM
Buy Kajaria Ceramics Ltd For Target Rs.1,310 - JM Financial Institutional Securities Decent quarter amid challenges Kajaria Ceramics (KJC) delivered better-than-expected earnings in 1QFY23 as Revenue/EBITDA/PAT was 4%/15%/13% above JMFe respectively (2%/10%/ 9% above BBRG consensus). Tile revenue grew 12% (on 3-year CAGR basis) led by volume /realisation (+6% each) while bathware (+20%) and Plywood (+36%) continued to perform well. EBITDA margin at 15.2% was up 20bps QoQ as higher gas cost inflation was more than offset by modest hike in realisation (+2% QoQ) and lower A&a...
Buy Kajaria Ceramics Ltd For Target Rs.1,310 - JM Financial Institutional Securities
Buy Kajaria Ceramics Ltd For Target Rs.1,310 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
22/07/2022 12:23:36 PM
Orient Bell trades jubilantly on completing two projects involving capex of Rs 20 crore Orient Bell is currently trading at Rs. 679.65, up by 100.10 points or 17.27% from its previous closing of Rs. 579.55 on the BSE. The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 684.00 and Rs. 592.85 respectively. So far 17823 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.55 on 02-Jun-2022 and a 52 week low of Rs. 284.30 on 11-Aug-2021. Last one week high and low of the scrip stood at...
Orient Bell trades jubilantly on completing two projects involving capex of Rs 20 crore
Orient Bell trades jubilantly on completing two projects involving capex of Rs 20 crore
Source: Accord Fintech
29/06/2022 2:28:31 PM
Acrysil jumps on completing capacity expansion of 160,000 units at Bhavnagar plant Acrysil is currently trading at Rs. 616.55, up by 46.90 points or 8.23% from its previous closing of Rs. 569.65 on the BSE. The scrip opened at Rs. 578.65 and has touched a high and low of Rs. 618.10 and Rs. 575.35 respectively. So far 25563 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.00 on 13-Dec-2021 and a 52 week low of Rs. 471.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 61...
Acrysil jumps on completing capacity expansion of 160,000 units at Bhavnagar plant
Acrysil jumps on completing capacity expansion of 160,000 units at Bhavnagar plant
Source: Accord Fintech
29/06/2022 10:42:32 AM
Acrysil Ltd. has declared 60% Final dividend for the financial year March 2022 Acrysil Ltd. on Tuesday, 17 May 2022, has announced Final dividend of 60 percent on Equity Share, to its shareholders holding shares on the register on Friday, 09 September 2022 (Bookclosure). The ex-dividend date will be 07 September 2022. The last five dividends are 60% Interim dividend (Ex Date : 11 February 2022), 60% Final dividend (Ex Date : 08 September 2021), 40% Interim dividend (Ex Date : 16 February 2021), 60% Final dividend (Ex Date : 02 September 2020) and 60% Final dividend (Ex ...
Acrysil Ltd. has declared 60% Final dividend for the financial year March 2022
Acrysil Ltd. has declared 60% Final dividend for the financial year March 2022
Source: Dion Global Solutions Ltd
24/06/2022 3:34:04 PM
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG Acrysil is currently trading at Rs. 535.25, up by 46.10 points or 9.42% from its previous closing of Rs. 489.15 on the BSE. The scrip opened at Rs. 498.00 and has touched a high and low of Rs. 557.55 and Rs. 495.70 respectively. So far 57919 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.00 on 13-Dec-2021 and a 52 week low of Rs. 471.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 55...
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG
Acrysil trades jubilantly on doubling supply of Quartz Kitchen Sinks to IKEA Supply AG
Source: Accord Fintech
23/06/2022 12:30:47 PM
Buy Cera Sanitaryware Ltd For Target Rs. 5,592 - ICICI Securities Demand environment remains healthy We re-iterate our BUY rating on Cera Sanitaryware (CRS) led by continued healthy demand environment aided by pick-up in the residential housing market and also from home improvement market. Our interaction with dealers and management indicates continued demand tailwind even in Q1 in the core segments of sanitaryware and faucetware. Margins should also remain firm going ahead as the company has taken price increase of ~3% in sanitaryware and ~5% in faucetw...
Buy Cera Sanitaryware Ltd For Target Rs. 5,592 - ICICI Securities
Buy Cera Sanitaryware Ltd For Target Rs. 5,592 - ICICI Securities
Source: ICICI Securities Ltd
20/06/2022 1:03:01 PM
Buy Kajaria Ceramics Ltd For Target Rs.1,238 - SKP Securities Company Background Kajaria Ceramics Limited (Kajaria), promoted by Mr. Ashok Kajaria in 1985, is the largest player in India’s Ceramic Tiles industry with ~12% market share, under “KAJARIA” brand. It has a combined manufacturing capacity of 82.8 MSM which includes its own manufacturing facilities in UP and Rajasthan and its JV manufacturing partners. It also sells tiles outsourced from Morbi, Gujarat and manufactures sanitaryware and bathware (faucets) through JV partners...
Buy Kajaria Ceramics Ltd For Target Rs.1,238 - SKP Securities
Buy Kajaria Ceramics Ltd For Target Rs.1,238 - SKP Securities
Source: SKP Securities Ltd
21/05/2022 9:17:33 AM
Buy ACRYSIL Ltd For Target Rs.1100 - Yes Securities Muted Q4, margins contract sequentially! Our view and valuation ACRYSIL Ltd reported a muted Q4FY22 wherein demand was impacted due to higher logistical cost and on‐going geopolitical tensions. EBITDA margins contracted by 153bps QoQ to 20.3%. For FY22, Quartz volumes came in at 650,000units & stainless‐ steel sink units stood at 104,000. Quartz sinks/Steel sink/Appliance &others constituted 77%/14%/9% of total revenue respectively & Export‐Domestic mix stood at 80‐20% for F...
Buy ACRYSIL Ltd For Target Rs.1100 - Yes Securities
Buy ACRYSIL Ltd For Target Rs.1100 - Yes Securities
Source: Yes Securities Ltd
20/05/2022 11:48:11 AM
Somany Ceramics Q4 net profit down 39.52% at Rs 16.45 cr The company reported standalone net profit of Rs 16.45 crore for the quarter ended March 31, 2022 as compared to Rs 27.20 crore in the same period last year, registering a year-on-year decline of 39.52 per cent. Net revenue of the company rose moderately by 9.42 per cent at Rs 603.94 crore in January-March quarter of this fiscal as against Rs 551.96 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 18.04 per cent to Rs 576.04 crore from...
Somany Ceramics Q4 net profit down 39.52% at Rs 16.45 cr
Somany Ceramics Q4 net profit down 39.52% at Rs 16.45 cr
Source: Dion Global Solutions Ltd
19/05/2022 12:43:37 PM
Buy Kajaria Ceramics Ltd For Target Rs.1,200 - JM Financial Services Muted quarter; guidance intact Kajaria Ceramics (KJC) delivered muted earnings in 4QFY22 as tile volume grew 2% YoY (+ 1% QoQ, +5% 3-year CAGR), 3% below JMFe, and EBITDA margin contracted 500bps YoY (-200bps QoQ, 120bps below JMFe) on account of rising input costs and delay in price hikes. EBITDA/PAT were11%/22% below JMFe (12%/20% below BBRG consensus). The management continues with its bullish guidance of c.15-20% volume growth and 20-25% overall revenue growth on the back of market sha...
Buy Kajaria Ceramics Ltd For Target Rs.1,200 - JM Financial Services
Buy Kajaria Ceramics Ltd For Target Rs.1,200 - JM Financial Services
Source: JM Financial Services Ltd
19/05/2022 11:22:24 AM