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Buy Sheela Foam; target of Rs 1150: ICICI Securities

ICICI Securities is bullish on Sheela Foam has recommended buy rating on the stock with a target price of Rs 1150 in its research report dated May 22, 2024.

Stock Radar: BHEL, PI Industries, Metropolis, Sheela Foam, PNC Infratech, Biocon in focus on Wednesday

Grasim Industries, Sun Pharma, Power Grid Corporation, Paytm, Nykaa, Ashoka Buildcon, Dhanlaxmi Bank, GE Power India, Gland Pharma, GMM Pfaudler, HEG, Jubilant FoodWorks, New India Assurance Company, and Unichem Laboratories will announce their March quarter earnings on May 22.

MC Graphixstory | FIIs cut stake in frontline FMCG stocks on weak sales growth in Q3

In Q3, FIIs reduced their stake in Hindustan Unilever to 13.65 percent from the previous quarter's 13.90 percent. Their stake in ITC dropped to 43.26 percent from 43.34 percent, as per the latest shareholding pattern data from exchanges

Sheela Foam Ltd. engages in the manufacture and sale of polystyrene foam products. Its products include mattresses, furniture-cushioning material, pillows, cushions, sofa-cum-beds and comfort accessory products under the Sleepwell brand. It also offers technical products and Joyce foam. The company was founded by Sheela Gautama on June 18, 1971 and is headquartered in Noida, India.

Sheela Foam Ltd

Volume	46,687.00
52-Wk High	1,297.00
52-Wk Low	854.00

SFL.NSE Sheela Foam Ltd

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