SULA.NSE Sula Vineyards Ltd.
276
500.90
41.10
(7.58%)
| Watchers | 276 |
| 52-Wk Low | 395.10 |
| 52-Wk High | 699.00 |
| Market Cap | 45.74B |
| Volume | 2.25M |
| 52-Wk High | 699.00 |
| 52-Wk Low | 395.10 |
Sula Vineyards stock dips 7% as Q4 results disappoint investorsMoneycontrol • about 15 hours ago
Sula Vineyard's shares have gained 16 percent in the past one year, underperforming the Nifty 50 index, which gained 21 percent during the same period
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In Q4 and FY24, Sula Vineyard's net revenue climbed 10 percent each at Rs 131.8 crore and Rs 553.4 crore
Revenue jumped 10 percent YoY during the March quarter, Sula Vineyards said in an exchange filing
Sula is launching new initiatives, such as canned wine and ongoing premiumisation. These trends can catapult it to the next level, says the brokerage.
Sula Vineyards and Coffee Day Enterprises closed lower.
Size of the proposed block deal by Verlinvest is around $52 million and the floor price is Rs 570/share
Analysts at CLSA believe that Sula Vineyards is best placed to benefit from wine catch-up penetration