{"id":111046,"date":"2023-10-03T14:09:34","date_gmt":"2023-10-03T08:39:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111046"},"modified":"2023-10-03T14:09:39","modified_gmt":"2023-10-03T08:39:39","slug":"alcohol-stock-in-green-after-hdfc-mutual-fund-increases-stake-in-the-company-by-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-in-green-after-hdfc-mutual-fund-increases-stake-in-the-company-by-2\/","title":{"rendered":"Alcohol stock in green after HDFC mutual fund increases stake in the company by 2%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3704641348\"><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>This alcohol beverages stock rose by 2.25 percent after the HDFC mutual fund increased their stake in the company from 6.55 percent to 8.56 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3188554931\"><!-- 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>At 1.09, 3rd October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SULA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sula Vineyards<\/a><\/strong> were trading at Rs. 474.80 per share which is 2.23 percent up from previous closing price of 464.45 per share.\u00a0<\/p><p>Such bullish stock price movements are observed after the company disclosed on Bombay stock exchange (BSE) filing that HDFC mutual fund which was holding about 6.55 percent stake in the company increased their stake by 2.01 percent. As of 28th september 2023, the aggregate holding of the schemes of HDFC mutual fund in the company is 8.56 percent of the paid up equity share capital of the company (Paid up Equity share capital being Rs. 16,87,55,818 comprising 8,43,77,909 equity shares of Rs. 2 each).&nbsp;<\/p><p>Looking at the financial statements, company\u2019s revenue increased by 21.64 percent to Rs. 516.27 crore in FY 2022-23 from Rs. 424.41 crore in FY 2021-22, in the same time period company\u2019s profit increased by 61.16 percent to Rs. 84.03 crore from 52.14 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1454572105\"><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>Talking about the financial ratios, the company reported return on equity(ROE) of 18.19 percent and return on capital employed(ROCE) of 20.04 percent in the last financial year.&nbsp;<\/p><p>Sula vineyards is a winery and vineyard based in Nasik, Maharashtra, they are India&#8217;s largest wine producer and seller as of march 31, 2022. The company has a portfolio of several brands including Rasa, Dindori, The source, satori etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1943570768\"><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>This alcohol beverages stock rose by 2.25 percent after the HDFC mutual fund increased their stake in the company from 6.55 percent to 8.56 percent.&nbsp; At 1.09, 3rd October shares of Sula Vineyards were trading at Rs. 474.80 per share which is 2.23 percent up from previous closing price of 464.45 per share.\u00a0 Such bullish [&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":[8299,8397,948,936,8391,12705],"class_list":["post-111046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-alcohol-stock","tag-alcohol-stock-2023","tag-stock-market","tag-stock-market-news","tag-sula-vineyards-share-price","tag-why-is-sula-vineyards-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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