"India's Favourite Vineyard"Sula Vineyards Ltd
About
Incorporated in 2003, Sula Vineyards Limited is India's largest wine producer and seller as of March 31, 2022. The company also distributes wines under a bouquet of popular brands including "RASA," "Dindori", "The source," "Satori", "Madera" & "Dia" with its flagship brand "Sula" being the "category creator" of wine in India.
🍷 Sula Vineyards – Reversal Underway?
Weekly + Monthly Chart View:
After a long downtrend from ₹699, Sula has likely formed a double bottom around ₹250–₹260 and bounced from 0.786 Fib level. The recent higher low and breakout above the short-term falling trendline indicate a possible reversal. Momentum indicators like RSI and MACD are recovering from oversold zones.
Fundamentals from Screener.in:
FY25 Revenue: ₹595 Cr, Net Profit: ₹82 Cr
ROCE: 18.4%, ROE: 16.7%, Debt-Free
Promoter Holding: 27.3%, FIIs increased stake
Strong brand leadership in wine category
If ₹310–₹311 resistance flips to support, potential upside till ₹331 / ₹364 / ₹424 in medium term.
📌 Reversal confirmation if price holds above ₹305–310 zone.
#SulaVineyards #WineStock #BullishSetup #TechnicalBreakout #NSE #Sula
🧠 Disclaimer: For educational and research purposes only. No buy/sell advice.
📝 Chart Purpose & Disclaimer:
This chart is shared purely for educational and personal tracking purposes. I use this space to record my views and improve decision-making over time.
Investment Style:
All stocks posted are for long-term investment or minimum positional trades only. No intraday or speculative trades are intended.
⚠️ Disclaimer:
I am not a SEBI registered advisor. These are not buy/sell recommendations. Please consult a qualified financial advisor before taking any investment decision. I do not take responsibility for any profit or loss incurred based on this content.
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