India's Sula Vineyards hits record high on bulk deal

Sula Vineyards

22/06/2023 05:13

** Shares of Sula Vineyards  SULA.NS  rise as much as 4.34%
to record high of 490.00 rupees
    ** Quant Mutual Fund on Wednesday bought 500,000 shares of
co at an average price of 470.99 rupees in a bulk deal, as per
BSE data
    ** Stock trading above its 50-day exponential avg since
April 12, and 100-day avg since May 19, suggesting bullish trend
    ** Stock's RSI climbs above 70 in early trade, indicating it
may be overbought
    ** Trading volume at ~480,300 shares, 0.6x the 30-day avg
    ** Stock up ~45.6% since its market debut in December last
year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))