{"id":103950,"date":"2023-06-09T17:35:12","date_gmt":"2023-06-09T12:05:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103950"},"modified":"2023-06-09T17:35:14","modified_gmt":"2023-06-09T12:05:14","slug":"alcohol-stock-jumps-9-7-after-company-appoints-new-cfo-and-adds-3-new-villas","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-9-7-after-company-appoints-new-cfo-and-adds-3-new-villas\/","title":{"rendered":"Alcohol Stock jumps 9.7% after company appoints new CFO and adds 3 new villas\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1460108167\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of India\u2019s leading wine producer \u2013 Sula Vineyards gained 9.7% on Friday\u2019s intraday trades, following an announcement that the company has appointed a new CFO, launched three luxury villas and won medals for India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-682570523\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Its shares reached a 52-week high of \u20b9 474.90 apiece and settled at 457.50 apiece on Friday.\u00a0<\/p><p>Rajeev Samant, Founder and CEO of Sula Vineyards said that the company identified a new Chief Financial Officer, who will join in August and has a rich experience in the consumer sector.&nbsp;<\/p><p>Moreover, he said that the company <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SULA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sula Vineyards Ltd <\/a><\/strong>has added three stylish villas overlooking the picturesque Gangapur Lake in Nasik, modelled on Sula Vineyards\u2019s iconic Sky Villa which is always over-booked. The company hopes that more guests can experience the joy of a vineyard retreat, with the addition of new villas.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1027289988\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In another development, the company said that its <em>The Source Chenin Blanc Reserve <\/em>won India&#8217;s first-ever wine medal at the prestigious <em>Concours Mondial de Bruxelles 2023<\/em>, arguably the country\u2019s finest dry <em>Chenin Blanc<\/em>, making it a proud day for India. Sula\u2019s <em>Rasa Syrah <\/em>and <em>Dindori Reserve Chardonnay <\/em>also won two golds at the 2023 Paris Wine Cup.&nbsp;<\/p><p>With a market capitalization of \u20b9 3,649 crores, Sula Vineyards is a small-cap stock. It has an ideal return on equity of 18.12% and an ideal debt-to-equity ratio of 0.38. Its shares were trading at a price-to-earnings ratio of 42.23, which is higher than the industry average of 27.27 indicating that the stock might be overvalued as compared to its peers. It could also mean that investors are willing to pay a higher price for its future earnings.&nbsp;<\/p><p>Retail investors hold a 55.05% stake in the company, followed by promoters with 27.33%, mutual funds with 8.13% and foreign institutions with 5.86% and other domestic institutions with 3.63%.&nbsp;<\/p><p>The company recently reported a consolidated net profit of \u20b914.2 crore for the March quarter, higher by 5%, as against \u20b9 13.5 crore in the corresponding period last year. Its revenue from operations increased by 7% year-on-year (YoY) to \u20b9 120 crore in the March quarter, as compared to \u20b9 112 crore in the corresponding quarter of last year.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4177470804\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of India\u2019s leading wine producer \u2013 Sula Vineyards gained 9.7% on Friday\u2019s intraday trades, following an announcement that the company has appointed a new CFO, launched three luxury villas and won medals for India.&nbsp; Its shares reached a 52-week high of \u20b9 474.90 apiece and settled at 457.50 apiece on Friday.\u00a0 Rajeev Samant, Founder [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":92113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8299,8300,8398,8399,936,3153,2597,8390,8392,5590,8394,8391],"class_list":["post-103950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-alcohol-stock","tag-alcohol-stock-to-buy-now","tag-small-cap-alcohol-stock","tag-small-cap-alcohol-stock-to-buy-in-2023","tag-stock-market-news","tag-stock-to-buy","tag-stocks-to-watch","tag-sula-vineyards","tag-sula-vineyards-latest-news","tag-sula-vineyards-ltd","tag-sula-vineyards-results","tag-sula-vineyards-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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