** Brokerage Axis Securities initiates coverage on Greenply Industries NSE:GREENPLY and Cera Sanitaryware NSE:CERA with "buy"
** Axis sets PT for GRPL at 385 rupees and Street-high of 8,500 rupees for CERA, implying 26% and 31% upside from last close, respectively
** Axis says the building products industry is on track for a strong recovery in demand from FY26
** Adds, Greenply is well-positioned to capitalise on structural shifts, like premium products demand, and standard norms for the wood panel and interior solutions market; expects revenue CAGR of 12% from FY24-27
** GRPL up 5.8% at 322.1 rupees, set for best day in two months; CERA rises 5.8% to 6,883.5 rupees after Axis' bullish commentary
** Brokerage says Cera is leveraging growing demand for premium bathware; expects retail demand in the segment to recover by Q2FY26
** GRPL up 4% YTD, CERA down 9%