After falling more than 30% from its recent highs, Cera Sanitaryware Ltd. is now trading near a crucial support level that could spark a technical bounce.
Current price situation
The stock’s sharp decline has placed it at a point where many chart‑watchers expect a short‑term rebound if buying pressure returns.
Why traders might consider buying
- Target price: Analysts see a potential upside to around Rs 7,400 within the next 6–8 months.
- Risk profile: This recommendation is aimed at medium‑to‑long‑term investors comfortable with higher risk.
- Company basics: Cera Sanitaryware manufactures and sells building‑material products, giving it a steady revenue base.
Key risks to keep in mind
- Further downside if the broader market stays weak.
- Any slowdown in construction activity could hit demand for sanitary products.
- Volatility around earnings releases or policy changes.
Bottom line for retail investors
If you have a high risk tolerance and can hold the position for several months, the current price could offer a buying opportunity. However, be prepared for price swings and keep an eye on market trends.
Remember, this is just an opinion, not a prediction. Do your own research and consider your personal financial situation before making any trade.