Recent Price Movements and Market Performance
Sheela Foam’s stock has been under pressure, hitting a new 52-week and all-time low of ₹522.1 during intraday trading on 20-Jan. The stock has declined by 7.7% over the past week, significantly underperforming the Sensex, which fell by only 1.73% in the same period. Year-to-date, the stock has lost 9.8%, compared to a 3.57% decline in the benchmark index. This persistent weakness is further underscored by the stock trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical outlook.
Investor participation has also waned, with delivery volumes on 19-Jan falling by 22.59% compared to the five-day average, indicating reduced buying interest. The we...
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