Sula Vineyards Hits 52-Week Low Amid Ongoing Industry Challenges and Declining Stock Performance

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.