Sula Vineyards hits new high; soars 30% in 2 days on healthy biz outlook

A combined 6.95 million equity shares representing 8 per cent of total equity of Sula had changed hands on the NSE and BSE till 10:09 AM.

Shares of Sula Vineyards, India’s largest and only listed wine producer, hit a new high of Rs 648.75, surging 17 per cent on the BSE in Monday’s intra-day trade in an otherwise subdued market. The rally was backed  by heavy volumes on healthy business outlook. In past two trading days, the stock price of breweries & distilleries company has zoomed 30 per cent. In past 11 trading days, it rallied 41 per cent.

The average trading volumes at counter more than doubled today. A combined 6.95 million equity shares representing 8 per cent of total equity of Sula changed hands on