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Broker research reports for stocks which have been upgraded by brokers. Both recommendation upgrades, as well as share price target upgrades are available for companies in Industry - Furniture-Furnishing.

Broker Research reports: latest Upgrades for Industry - Furniture-Furnishing

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	30 Oct 2024	Greenlam Industries	BOB Capital Markets Ltd. Target	267.25	530.00	533.15 (-49.87%)	Target met	Hold	pdf post cache		Broker Report Greenlam Industries (HOLD): Weak quarter; quick ramp up of new projects a key monitorable BOB Capital Markets Ltd. Weak Q2 on lower-than-expected laminate volume and slow ramp-up of plywood segment pdf Copy Link Share on Share on Share on Share on Alert
	06 Aug 2024	Sheela Foam	Keynote Capitals Ltd Target	666.90	885.00	951.95 (-29.94%)	Target met	Sell	pdf post cache		Broker Report Sheela Foam Ltd. Keynote Capitals Ltd Quarterly Update Q1FY25 pdf Copy Link Share on Share on Share on Share on Alert
	29 May 2024	Greenlam Industries	Sharekhan Target	267.25	670.00	587.95 (-54.55%)	Pre-Bonus/ Split	Buy	pdf post cache		Broker Report Good Q4 in sluggish times; Retain Buy Sharekhan ? We retain a Buy on Greenlam Industries Limited with a revised PT of Rs. 670, assigning a higher valuation multiple considering its strong earnings growth trajectory over FY2024-FY2026E. pdf Copy Link Share on Share on Share on Share on Alert
	18 Jul 2023	Sheela Foam	ICICI Securities Limited Target	666.90	1400.00	1236.90 (-46.08%)		Buy	pdf post cache		Broker Report Acquisitions are accretive ICICI Securities Limited Acquisition of Kurlon is positive for the stakeholders of Sheela Foam: (1) SHEELA’s market share in South and East India has room for improvement (vs North and West India where it enjoys ~40% market share). pdf Copy Link Share on Share on Share on Share on Alert
	20 Jun 2023	Greenlam Industries	Sharekhan Reco Target	267.25	520.00	446.00 (-40.08%)	Target met	Buy	pdf post cache		Broker Report Greenlam Ind Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	29 May 2023	Greenlam Industries	Sharekhan Reco Target	267.25	410.00	374.90 (-28.71%)	Target met	Hold	pdf post cache		Broker Report Greenlam Ind Sharekhan pdf Copy Link Share on Share on Share on Share on Alert
	19 Jan 2021	Sheela Foam	Axis Direct Reco Target	666.90	2140.00	2027.85 (-67.11%)	Target met	Buy	pdf post cache		Broker Report Axis Alpha: Sheela Foam - (BUY) Axis Direct We recommend a BUY on Sheela Foam with a Target Price of Rs 2,140, an upside of ~9% from CMP of Rs. 1,964 and Stop Loss Rs1,876. pdf Copy Link Share on Share on Share on Share on Alert
	03 Nov 2020	Greenlam Industries	Yes Securities Target	267.25	1165.00	759.65 (-64.82%)	Target met	Buy	pdf post cache		Broker Report Greenlam Ind Yes Securities Relief in national and regional lockdowns led to restoration of demand during Q2 but sales were below pre-COVID levels. During the quarter domestic / international... pdf Copy Link Share on Share on Share on Share on Alert
	17 Feb 2020	Sheela Foam	Axis Direct Reco Target	666.90	1643.00	1639.20 (-59.32%)	Target met	Hold	pdf post cache		Broker Report Result Update:Sheela Foam Axis Direct In Q3FY20, Sheela foam Ltd. reported sales revenues of Rs 658 cr (up 15%YoY& 32% QoQ), EBIDTA of Rs 93.8 cr grew strongly by 54% YoY& 33% QoQ. EBIDTA margin improved to 14.3% up 360 bps YoY& flattish QoQ. pdf Copy Link Share on Share on Share on Share on Alert
	05 Dec 2019	Sheela Foam	Axis Direct Reco Target	666.90	1553.00	1322.30 (-49.57%)	Target met	Buy	pdf post cache		Broker Report Result Update:Sheela Foam Axis Direct In Q2FY20, Sheela foam Ltd. reported sales revenues of Rs 497 cr (down 7%YoY& down 3%QoQ), EBIDTA of Rs 70 cr grew strongly by 66% YoY& 13% QoQ. EBIDTA margin improved to 14.2% up 625 bps YoY& 210 bps QoQ. Profit of Rs 59 cr was up 2.4x on yearly basis and 1.5x quarterly basis. pdf Copy Link Share on Share on Share on Share on Alert
	06 May 2019	Sheela Foam	Emkay Reco Target	666.90	1354.00	1288.70 (-48.25%)	Target met	Hold	pdf post cache		Broker Report Sheela Foam's (SFL) 4QFY19 profit came in 10% below our expectations with revenues remain... Emkay Sheela Foam's (SFL) 4QFY19 profit came in 10% below our expectations with revenues remaining unchanged yoy and EBITDA showing moderate growth of 6% yoy. We maintain Hold as demand recovery hopes in 2HFY20 have been priced in. We see SFL's sales volume growth to remain moderate in 1HFY20 as customers shift to lower-priced mattresses. Mass-market products contribute just 20% to SFL's revenue. In... pdf Copy Link Share on Share on Share on Share on Alert

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