Sheela Foam Faces Sustained Decline Amid Broader Consumer Durables Challenges

Sheela Foam, a midcap player in the consumer durables industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 731.1. This decline marks a notable downturn for the stock, which has now fallen consecutively for eight days, resulting in a total drop of 15.45% during this period.
Today's performance saw Sheela Foam underperforming its sector by 2.42%, reflecting broader challenges within the consumer durables market, which has also declined by the same percentage. The stock's intraday low of Rs. 731.1 represents a decrease of 5.06% from the previous close.

In terms of moving averages, Sheela Foam is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Over the past year, the stock has recorded a performance decline of 32.54%, contrasting sharply with the Sensex, which has gained 4.61% during the same timeframe. These metrics highlight the ongoing challenges faced by Sheela Foam in the current market landscape.