{"id":83664,"date":"2023-01-16T14:20:00","date_gmt":"2023-01-16T08:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=83664"},"modified":"2023-01-16T14:17:02","modified_gmt":"2023-01-16T08:47:02","slug":"alcohol-stock-jumps-19-after-it-reported-strong-growth-in-q3-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-19-after-it-reported-strong-growth-in-q3-do-you-own-it\/","title":{"rendered":"Alcohol stock jumps 19% after it reported strong growth in Q3; Do you own it?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2699602714\"><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>Marking the highest gains since listing, the shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/SULA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sula Vineyards<\/strong><\/a> zoomed 19.23% to reach an intraday high of \u20b9 388.00 apiece on the National Stock Exchange (NSE). This happened after the company reported robust quarterly results. Its shares were trading at \u20b9 372.50 apiece at 01:27 PM on Monday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-577351490\"><!-- 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>Sula Vineyards is India\u2019s largest and only listed wine producer with more than a 50% market share in the domestic wine business. It distributes wines under a bouquet of popular brands including &#8220;RASA,&#8221; &#8220;Dindori&#8221;, &#8220;The source,&#8221; &#8220;Satori&#8221;, &#8220;Madera&#8221; &amp; &#8220;Dia&#8221; with its flagship brand &#8220;Sula&#8221; being the &#8220;category creator&#8221; of wine in India.&nbsp;<\/p><p>The wine producer in its sales update for the October to December quarter (Q3FY23) reported its highest-ever quarterly gross billings overall, both for its own brand as well as its wine tourism business, in the December quarter.&nbsp;<\/p><p>It witnessed a strong growth of 13% YoY (year on year) in the said quarter, in its own brand billings, led by strong growth in volumes and realisations. In the nine-month period (April December) ended December 31, 2022, this number increased by 28%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2542603257\"><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>The company&#8217;s wine tourism grew 13% YoY, with a 48% improvement in the nine-month period for FY 23 over the same period for FY 22.&nbsp;<\/p><p>Sula Vineyards had a flat listing on the bourses. Against an issue price of \u20b9 357, its shares got listed at \u20b9 358.00 apiece on the Bombay Stock Exchange (BSE) and \u20b9 361.00 on the NSE. It is a small-cap company with a market capitalization of \u20b9 2,740 crores.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/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-87631376\"><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>Marking the highest gains since listing, the shares of Sula Vineyards zoomed 19.23% to reach an intraday high of \u20b9 388.00 apiece on the National Stock Exchange (NSE). This happened after the company reported robust quarterly results. Its shares were trading at \u20b9 372.50 apiece at 01:27 PM on Monday.\u00a0 Sula Vineyards is India\u2019s largest [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"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":[3176,5489,4446,5380,948,5385,936,5488,3153,3157,2597,5491,5490],"class_list":["post-83664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-company-results","tag-new-stock","tag-newly-listed-stock","tag-stock-in-focus","tag-stock-market","tag-stock-market-2023","tag-stock-market-news","tag-stock-market-update","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-strong-q3-results","tag-wine-company"],"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 19% after it reported strong growth in Q3; Do you own it?\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"It witnessed a strong growth of 13% YoY (year on year) in the said quarter, in its own brand billings, led by strong growth in volumes and realisations. 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