India's Sleepwell mattress maker hits near 1-1/2 yr high aS Q3 profit jumps

Sheela Foam

11/02/2020 05:43

** Shares of Indian manufacturer of mattresses  SHEF.NS 
rise as much as 12.9% to 1,779.95 rupees - their highest since
September 2018
    ** SHEF Dec-qtr consolidated net profit jumps 65.1% to
642.80 mln rupees ($9.03 mln)  urn:newsml:reuters.com:*:nFWN2AA118
    ** SHEF Dec-qtr consolidated rev from ops rises to 6.58 bln
rupees vs 5.69 bln rupees a yr ago
    ** SHEF's main Mattresses segment posts 26.8% rise in
Dec-qtr rev (http://bit.ly/2OKe9Sb)
 
    ** Over 59,000 shares change hands, 8.7x its 30-DMA
    ** SHEF stock fell 14.2% in 2019; Including session's high,
stock is up 40.5% YTD 



($1 = 71.2200 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))