{"id":119556,"date":"2024-02-22T11:53:32","date_gmt":"2024-02-22T06:23:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119556"},"modified":"2024-02-22T13:02:32","modified_gmt":"2024-02-22T07:32:32","slug":"alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme\/","title":{"rendered":"Alcohol stock jumps after Maha Gov continuous wine Industrial Promotion Scheme\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4184285162\"><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>Alcohol Stock which is India\u2019s largest wine producer with a 60 percent market share in premium wines jumped 2 percent in the day\u2019s trade following the continuation of the Wine Industrial Promotion Scheme by the Maharashtra Government.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2119703003\"><!-- 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>With a market capitalization of Rs. 4,752 Crores, the shares of Sula Vineyards Limited were trading at Rs. 563.05, up 1.45 percent from its previous day\u2019s close price of Rs. 555.10&nbsp;<\/p><p>As per the latest filing of Sula Vineyards Limited the Maharashtra Government has issued a GR for the continuation of the Wine Industrial Promotion Scheme for a period of 8 years.&nbsp;<\/p><p>In addition to this as per specific policies in Maharashtra, a company that pays approximately Rs 70-80 crores of Value Added Tax (VAT) in the state will get around 80 percent of the amount as a refund. Aligning the same with Sula\u2019s majority turnover coming from Maharashtra, the scenario seems favorable for the company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1837186776\"><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>Sula Vineyards Limited is engaged in the business of producing and selling alcoholic beverages such as wines and spirits in more than 30 countries. Some of the famous brands sold by Sula Vineyards Limited include Satori, Madera, Rasa and many more&nbsp;<\/p><p>It is India\u2019s largest wine producer with a 60 percent market share in premium wines. It operates through two business categories i.e., wine tourism and wine Business.&nbsp;<\/p><p>As of Q3FY24 Sula Vineyards Limited generated 77 percent of its revenue from Elite &amp; Premium brands and 23 percent from Economy &amp; Popular.&nbsp;<\/p><p>Its revenue from operations grew by 26.37 percent from Rs. 390 Crores in FY22 to Rs. 493 Crores in FY23, accompanied by increasing profits of Rs. 49 Crores to Rs. 88 Crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-323681154\"><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>Alcohol Stock which is India\u2019s largest wine producer with a 60 percent market share in premium wines jumped 2 percent in the day\u2019s trade following the continuation of the Wine Industrial Promotion Scheme by the Maharashtra Government.&nbsp; With a market capitalization of Rs. 4,752 Crores, the shares of Sula Vineyards Limited were trading at Rs. [&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":[31,13525],"tags":[],"class_list":["post-119556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alcohol stock jumps after Maha Gov continuous wine Industrial Promotion Scheme\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Alcohol Stock which is India\u2019s largest wine producer with a 60 percent market share in premium wines jumped 2 percent in the day\u2019s trade following the continuation of the Wine Industrial Promotion Scheme by the Maharashtra Government.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alcohol stock jumps after Maha Gov continuous wine Industrial Promotion Scheme\u00a0\" \/>\n<meta property=\"og:description\" content=\"Alcohol Stock which is India\u2019s largest wine producer with a 60 percent market share in premium wines jumped 2 percent in the day\u2019s trade following the continuation of the Wine Industrial Promotion Scheme by the Maharashtra Government.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T06:23:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T07:32:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/02\/wine-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme\/\",\"url\":\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-after-maha-gov-continuous-wine-industrial-promotion-scheme\/\",\"name\":\"Alcohol stock jumps after Maha Gov continuous wine Industrial Promotion Scheme\u00a0 - 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