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Sheela Foam Ltd.
19 May 2023
720.70
1.46%
ICICI Securities Limited
Revenue print continues to be weak, down 1% YoY. India branded business’ volume decline of 21% YoY was weak driven by significant decline in footfalls. Steps are being taken to drive footfalls by increasing footprint of EBOs (20% YoY) and planned new campaign for Sleepwell brand in FY24.
Sheela Foam Ltd. is trading below its 200 day SMA of 764.0
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