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Kajaria Ceramic

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Buy Kajariacer for target of 625/ The recent order by NGT that stipulates Morbi ceramic units to move from coal gas input to natural gas will hit unorganised players hard as it would increase their costs, raise working capital requirements, and bring them under the purview of taxation. Consequently, organised players are going to benefit from it. Given the current ruling by NGT, we believe organised players will be in a better position to raise prices. As they will also benefit from declining gas costs, we expect structural improvement in their margins," the brokerage said Most analysts tracking the sector are bullish on companies such as Kajaria Ceramics, Somany Ceramics, Cera Sanitaryware, Century plyboards  and Carborundum Universal. Most the listed players have seen a good run at the bourses in the last three years.  Expect competitiveness of nded players to significantly improve particularly in ceramic wall and floor tiles and soluble salt vitrified tiles," said analyasts at ICICI Securities. The brokerage has `buy` rating on Kajaria Ceramics and Somany Ceramics with the target price of Rs 625 and 375, respectively.

4.18 AM Mar 16th
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