Sheela Foam Shows Positive Momentum Amid Broader Midcap Market Gains

Sheela Foam Ltd., a midcap player in the furniture and home furnishing industry, has shown notable activity today, gaining 5.52% on August 4, 2025. The stock has outperformed its sector by 5.58%, marking a positive trend as it has recorded consecutive gains over the last three days, accumulating a total return of 6.61% during this period.
Today, Sheela Foam reached an intraday high of Rs 711, reflecting a rise of 5.67%. In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, indicating mixed signals in its longer-term performance.

In the broader market context, the Sensex has also experienced a positive opening, climbing 242.93 points to reach 81,008.76, with midcap stocks leading the charge, as evidenced by a 0.77% gain in the BSE Mid Cap index. Despite Sheela Foam's recent gains, its year-to-date performance remains negative at -28.85%, contrasting sharply with the Sensex's positive return of 3.70% during the same period.