Sheela Foam hits 52-week high, up 12% as Q3 profit before tax jumps 52% YoY

Shares of Sheela Foam surged 12 per cent to Rs 1,770, also its 52-week high, on the BSE on Tuesday after the company's consolidated profit before tax (PBT) jumped 52 per cent year on year (YoY) to Rs 85.85 crore in the December 2019 quarter (Q3FY20). It had a PBT of Rs 56.50 crore in the year ago quarter.

The stock surpassed its previous 52-week high of Rs 1,639 touched on February 7, 2020. Besides, it is 4.5 per cent away from its all-time high of Rs 1,850 touched on November 29, 2017. In the past one month, the stock has