Sula Vineyards' Stock Hits 52-Week Low, MarketsMOJO Calls for 'Sell' Amid Underperformance

Sula Vineyards, a leading player in the breweries and distilleries industry, has recently seen a dip in its stock price. On November 13, 2024, the company's stock hit a 52-week low of Rs. 385.35. This has led to a 'Sell' call by MarketsMOJO, a popular stock analysis platform.

The stock's performance today has been underwhelming, with a -6.86% underperformance compared to the sector. It opened with a gap down of -4.42% and touched an intraday low of Rs. 385.35, a decrease of -7.21%. Additionally, Sula Vineyards is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In the past year, Sula Vineyards has seen a -19.88% decrease in its stock price, while the Sensex has shown a positive performance of 21.03%. This further highlights the company's recent struggles in the market.

Despite these challenges, Sula Vineyards remains a key player in the smallcap segment of the industry. With its strong brand and quality products, the company has the potential to bounce back and regain its position in the market. Investors should keep a close eye on the company's performance in the coming months.