Sula Vineyards Share: The share of Sula Vineyards, the country’s largest wine maker, is currently on a rise and this share has been rising continuously for the last three days. Sula Vineyards’ stake rose by 10 per cent on Friday. Shares of Sula Vineyards rose 9.7 per cent to Rs 475 on the NSE today. After that the stock closed at Rs 457 with a gain of about 5.60 per cent.
Sula Vineyards today hit a 52-week high of Rs. 475 views. The stock has gained 38 per cent in the last one year. Whereas since January 2023, this stock has increased by about 40 percent. The stock has gained 38 per cent in the last six months. The stock has gained 6.27 per cent in one month. If Rs 1 lakh had been withheld at the time of listing the shares of Sula Vineyards, it would have been worth Rs 1.38 lakh today. Had one lakh rupees been invested in the first week of January 2023, today its value would have increased to 1.40 lakhs.
Shares of Sula Vineyards soared
Some changes in the company are responsible for the jump in shares of Sula Vineyards. The company has found its new Chief Financial Officer (CFO). Although his name has not been announced yet. Earlier in March, Bittu Varghese resigned from the post of CFO of the company. Apart from this, the company is going to launch three new luxury villas at its Nashik-based Resort Beyond Resort. The villa is based on its iconic Sky Villa theme.
The shares of Sula Vineyards were listed on the stock market in December 2022. At that time its issue price was Rs 357 per share. The company raised around Rs 960 crore through its IPO. In 2023, Sula Vineyards announced its results which were very impressive. During this period the profit of the company increased by 61 percent to Rs.84 crore. While its revenue increased by 22 percent to Rs 553 crore.
Today, after opening at Rs 434, the share of Sula Vineyards fell to Rs 474 and fell to Rs 432. The stock is currently trading at a PE ratio of 44.90 and has a dividend yield of 1.15 percent.