Sula Vineyards Hits 52-Week Low Amidst Ongoing Market Challenges
Sula Vineyards has hit a new 52-week low, with its stock price at Rs. 369.2. The company has experienced a significant decline over the past year, down 41.72%, while the broader market has seen gains. The stock is trading below multiple moving averages, indicating ongoing challenges.
Sula Vineyards, a small-cap entity in the breweries and distilleries sector, has reached a new 52-week low, with its stock price recorded at Rs. 369.2 on January 23, 2025. This marks a significant downturn, as the company has underperformed its sector by 2.47% today. Over the last four days, Sula Vineyards has seen a consecutive decline, totaling 3.27%.The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend. Over the past year, Sula Vineyards has faced considerable challenges, with a decline of 41.72%, in stark contrast to the Sensex's increase of 8.82% during the same period. This performance underscores the difficulties the company is navigating in the current market landscape.
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