Motilal Oswal has increased their recommendation on Cera Sanitaryware to 'Buy', predicting a potential increase of 28%. This optimistic outlook is due to a projected FY28 P/E ratio of 25x. The company's revenue growth projection of 11% CAGR, along with a forecasted cash surplus of Rs 1,000 crore by FY28, adds to its attractiveness in the market. This assessment comes after a 15% correction in the stock's price.

Cera Sanitaryware, a leading home solutions company, has been notified of a substantial Rs. 44.6 crore tax demand for FY20, primarily due to GST discrepancies. Despite this significant demand, the firm maintains that there will be minimal financial impact and has announced plans to lodge an appeal against the decision.