Sula Vineyards Hits 52-Week Low Amid Ongoing Industry Challenges and Declining Stock Performance
Sula Vineyards has reached a new 52-week low, marking a significant downturn for the small-cap company in the breweries and distilleries sector. The stock has declined for four consecutive days and is trading below multiple moving averages, raising concerns about its performance amid challenging industry conditions.
Sula Vineyards, a small-cap entity in the breweries and distilleries sector, has recently hit a new 52-week low of Rs. 384.5, marking a notable downturn for the company. The stock has experienced a decline for four consecutive days, totaling a decrease of 6.79%. On the current trading day, Sula Vineyards underperformed its sector by 1.74%, with an intraday low of Rs. 384.5, reflecting a drop of 3.28%.The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, Sula Vineyards has seen a significant decline of 39.19%, in stark contrast to the Sensex, which has gained 6.06% during the same period. This performance continues to raise concerns among market observers as the company faces challenging conditions in the industry.
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