India's Sula Vineyards hits over 5-week high on Q4 sales growth

Sula Vineyards

12/04/2023 05:33

** Shares of Sula Vineyards  SULA.NS  rise as much as 7.1%
to 377.1 rupees, their highest level since March 6
    ** Indian winemaker said Q4 sales for its own brands posted
a growth of ~15% y/y and ~26% FY23 over FY22  urn:newsml:reuters.com:*:nL8N36E3EY
    ** Adds, wine tourism Q4 revenues rose ~18% y/y and ~30%
FY23 over FY22
    ** More than 1 mln shares change hands by 9:48 a.m. IST,
2.7x the 30-day avg 
    ** Stock trading below its 50-day moving avg; up 6.2% YTD,
as of last close

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com; +91 6001289066;))