Net Profit Slips Nearly 4%; Dividend Declared

Before the quarterly results were declared, shares of Sula Vineyards closed 1.99% lower at Rs 271.45 apiece on the NSE, compared to a 0.58% decline in the benchmark Nifty 50. The stock has fallen 49.91% in the last 12 months and 34.87% on a year-to-date basis.

Out of six analysts tracking the company, three have a ‘buy’ rating on the stock, two recommend a ‘hold’ and one suggest ‘sell’, according to Bloomberg data. The average of 12-month analysts’ price target implies a potential upside of 34.4%.