Sula Vineyards Achieves Record High with 10% Rally

9 Jun 2023 , 01:14 PM

Sula Vineyards Ltd, India’s largest wine producer, witnessed a remarkable surge of nearly 10 % in its stock on June 9, reaching a record high and continuing the positive momentum for the third consecutive session.

The stock peaked at Rs.474.50.80 per share, experiencing an intraday gain of 9.7 %. At the time of writing, it traded at Rs.461.50 on the BSE, marking a 6.9 % increase from its previous close.

On June 8, the company announced on exchanges that it had identified a new chief financial officer who will join the company in August. 

The stock debuted on exchanges in December 2022 with an IPO issue price of Rs.357 per share. The company successfully raised approximately Rs.960 crore through the public issue.

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