** Shares of India's biggest winemaker Sula Vineyards rise as much as 7.58% at 428.40 rupees
** Co reaches highest level since Jan 23, 2023
** SULA Q3 consol net profit climbed more than 15% to 392.8
mln rupees ($4.75 million)
** Co posted a 14.21% increase in its Q3 consol rev from ops
to 2.09 bln rupees
** Strong consumption growth in metro and non metro markets;
robust growth in wine tourism business as visitor count back to
pre-pandemic levels - Chief Executive Rajeev Sawant
** The company became India's only publicly-listed winemaker
since its over-subscribed IPO in Dec 2022
** Relative Strength Index is at 67.9, indicating stock
near-overbought
** More than 1.4 mln shares traded as of 09:49 a.m. IST, vs
30-day moving avg of 1.7 mln shares
** Stock has risen ~28% so far in 2023 after being listed
last year
($1 = 82.6230 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
