India's Sula Vineyards up 8% after record wine tourism business

Sula Vineyards

28/12/2023 08:37

** Shares of Sula Vineyards  SULA.NS  rise as much as 7.7%
to 512 rupees, highest since Aug. 30
    ** Stock marks sharpest intraday pct gain since July 31
    ** Winemaker says wine tourism business has set new records
for visitor numbers, revenues and tastings over long Christmas
weekend
    ** Visitor numbers set a single-day, two-day and three-day
record with over 12,000 visitors from Dec. 23rd to 25th 
    ** Stock witnessing its most active trading session since
Aug. 31 with more than 3.3 mln shares change hands by 1:50 p.m.
IST, 11.5x the 30-day avg
    ** Avg rating of the three analysts on stock close to
equivalent of "buy", median PT is 550 rupees - LSEG data
    ** Stock up ~51% YTD



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))