- Promoters are buying from open market at all levels of consolidation.
- Strong FII backing.
- General sentiments picking up on economy.
- Expectations of faucet ware giving greater share of the business and increasing the revenue.
- An increase in margins,as the price is already hiked.
Readers can add if spotted any more reasons.
Now, since the promoters have denied the take-over rumors –we still stick on to what we said initially when we recommended- CERA will emerge as a leader some years later.
And its good to own the business leaders from any sector.
Safe investing !!