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Stock Of The Day: Sula Vineyards Halves From Peak Amid Muted Q3 Demand
Sula had to deal with change in consumer preferences, higher discounting, on-trade disruption in Pune, state elections along with upfront costs in
28 Jan 2025, 10:49 AM IST 
Bottles of wine produced by Sula Vineyards. The winemaker saw muted topline growth in December quarter, as per its quarterly business update. (Source: Sula Vineyards/Facebook)
Sula Vineyards Ltd. shares are in a bearish grip, on the way to their listing price, after 110% gains for over a year since their debut on Indian exchanges. The stock is struggling amid subdued demand and pressured margins due to bevy of factors. The winemaker's stock had tumbled 51% from its life high of Rs 699 apiece on Jan. 9 last year. The counter has fallen nearly 18% in 2025, after declining in 15 out of the 20 sessions this ye...
