{"id":79387,"date":"2022-12-23T15:50:00","date_gmt":"2022-12-23T10:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=79387"},"modified":"2022-12-23T15:48:17","modified_gmt":"2022-12-23T10:18:17","slug":"fiis-invest-in-this-stock-which-recently-got-listed-at-a-discount","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fiis-invest-in-this-stock-which-recently-got-listed-at-a-discount\/","title":{"rendered":"FIIs invest in this stock which recently got listed at a discount"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-210496820\"><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>The shares of Sula Vineyards Limited, India\u2019s largest wine producer and seller, made a flat debut on the Indian stock exchanges on Thursday after it listed at Rs 361 per share against its issue price of Rs 357 which represents a premium of 1 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1529401666\"><!-- 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>Soon after its listing, the share dipped by more than 8 percent and ended the session at Rs 331 per share. On Friday, the shares dipped further and were trading 6 percent lower at Rs 312 levels till the afternoon. Weak market sentiments coupled with a tepid subscription response to the IPO could be the reason for its poor performance.&nbsp;<\/p><p>Despite a weak listing, the company attracted high Foreign Investments. As per the NSE Bulk deal data, Goldman Sachs Funds Goldman Sachs India Equity Portfolio bought 6,95,864 shares at an average price of Rs 351.48 per share making the average investment value of Rs 24.45 Crore.&nbsp;<\/p><p>Likewise, Jupiter India Fund also bought 6,32,155 shares of the wine company at an average price of Rs 361 per share which makes up a total investment value of Rs 22.82 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1500287521\"><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 a market leader in the Indian wine industry in terms of sales volume and value and holds around 52.6% share as of Fiscal 2021. The company owns the flagship brand \u201cSula,\u201d along with other popular brands that include \u201cRASA,\u201d \u201cDindori\u201d, \u201cThe source,\u201d \u201cSatori\u201d, \u201cMadera\u201d and \u201cDia\u201d.&nbsp;<\/p><p>The other business verticals of the company include Wine Tourism. It includes ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms. The small-cap stock has a market capitalization of Rs 2,618 Crore.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/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 content in this news article is not investment advice. 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-3332173181\"><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>The shares of Sula Vineyards Limited, India\u2019s largest wine producer and seller, made a flat debut on the Indian stock exchanges on Thursday after it listed at Rs 361 per share against its issue price of Rs 357 which represents a premium of 1 percent.&nbsp; Soon after its listing, the share dipped by more than [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69891,"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":[3358,3357,4500,948,936,4499],"class_list":["post-79387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-fii-holding","tag-fii-increase-stake","tag-fii-stocks","tag-stock-market","tag-stock-market-news","tag-stocks-in-which-fiis-are-buying"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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