The Hindu Business Line : Murudeshwar looks attractive

Despite mirroring the market's current bearish sentiment, the outlook on Murudeshwar Ceramics is positive. The company is in the lucrative value-added and vitrified tile segment and commands 50 per cent market share in the South. Analysts said that with imposition of anti-dumping duties on tiles from China and the UAE, the company's average realisations are expected to stabilise and even improve in the near future. It reportedly enjoys higher operating margins in the industry because of its strong presence.

On Friday, the stock closed at Rs 109.25, down almost five per cent, on the BSE.

Deeptha Rajkumar

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