The share price of a Sheela Foam company ended 4% higher on the 3rd day of this week as the research house Axis Securities initiated a purchase on a stock with the potential upside of 22%. The research house has set the price of INR 2,039 per share.

Company’s strong brand reputation among the customers can give a competitive edge in the market. Some of the good things are product expansion, high margin products and the introduction of low price products.

Moreover, the new plant setup & investment in the current plants will support the company growth by strong cash flow position. At 03:46 PM, September 19, 2018, the price of a share was quoting INR 1,724.90 up INR 64.10 or 3.86%