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Goldman Sachs, Jupiter India Fund take hang of stake in Sula Vineyards. Crucial aspects right here | Mint


Dwelling / Markets / Stock Markets /  Goldman Sachs, Jupiter India Fund take hang of stake in Sula Vineyards. Crucial aspects right here


2 min read . Up up to now: 23 Dec 2022, 09: 41 AM IST
Asit Manohar

Jupiter India Fund has pumped  ₹22.82 crore in Sula Vineyards Ltd after tepid listing on Thursday. (AFP)Premium
Jupiter India Fund has pumped 22.82 crore in Sula Vineyards Ltd after tepid list on Thursday. (AFP)

  • Goldman Sachs has bought Sula Vineyards shares price 24.45 crore

After flat debut on Thursday, Sula Vineyards fragment value settled at 329.90 apiece on NSE, reach 7 per cent lower from its better band of 357 per equity fragment. Nonetheless, some FIIs seen this tepid Sula Vineyards list as an opportunity to make investments within the brewery company. Goldman Sachs and Jupiter India Fund bought Sula Vineyards shares after muted debut of the wine maker and vendor company’s stock on Indian bourses.

As per the NSE bulk deals available on the official web site of NSE, Goldman Sachs India Equity Portfolio bought 6,95,864 Sula Vineyards shares on Thursday session paying 351.48 apiece. This means, Goldman Sachs invested 24,45,82,278.72 or reach 24.45 crore in Sula Vineyards Restricted after list on December 22, 2022. Likewise, Jupiter India Fund bought 6,32,155 Sula Vineyards shares paying 361 apiece. This means Jupiter India Fund invested 22,82,07,955 or around 22.82 crore in Sula vineyards Ltd. So, these two foreign institutional customers (FIIs) have pumped 47.27 crore on day belief to be one of Sula desk.

Sula Vineyards shares listed at 358 on BSE and at 361 on NSE. Nonetheless, the stock soon witnessed income reserving and it went below its better value band of 357 per equity fragment and went on to hit intraday low of 328.30 apiece on NSE. On Thursday session, Sula Vineyards shares ended with a market cap of 2,888 and its alternate volume on the principle day of procuring and selling used to be more than 80 lakh.

Some brokerage have reported that Sula Vineyards shares are belief to be one of many portfolio shares that one can take hang of for long speed. Of us which have this stock of their portfolio, they’ve been told to build the stock with halt loss at 319. Excessive threat traders and customers can moreover take hang of the scrip at current levels for rapid purpose of 380 whereas they’re moreover told to build halt loss at 319 apiece levels.

Sula Vineyards fragment value right this moment time opened with upside gap and went on to hit intraday excessive of 347.95 apiece on NSE.

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