Sula Vineyards Ltd shares down 6.26% after receiving demand notice from State Excise Revenue. Co filed writ petition against State of Maharashtra, seeking legal advice on validity of demand. Quantifiable amount of Rs 1,158.95 million includes excise duty & interest.

Sula shares drop on excise duty demand notice

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sula Vineyards Limited is an India-based wine producer and seller. In addition to the flagship brand Sula, its brands include RASA, Dindori, The Source, Satori, Madera & Dia, with its flagship brand Sula, being the category creator of wine in India. 

Sula Vineyards Ltd

Sula Vineyards Ltd

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Sula shares drop on excise duty demand notice