{"id":18357,"date":"2023-08-24T19:55:53","date_gmt":"2023-08-24T14:25:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18357"},"modified":"2023-08-24T19:55:53","modified_gmt":"2023-08-24T14:25:53","slug":"relationship-of-sula-vineyards-limited-share-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18357","title":{"rendered":"Relationship of Sula Vineyards Limited Share with Nifty50"},"content":{"rendered":"

Title<\/u><\/strong>:<\/strong> Relationship of Sula Vineyards Limited Share with Nifty50<\/strong><\/p>\n

Author: <\/u><\/strong>Suraj Sonawane (MMS First year, Roll no.0222120) Kohinoor Business School, Kurla.<\/p>\n

\u00a0<\/p>\n

INTRODUCTION<\/u><\/strong><\/p>\n

Sula Vineyards<\/strong>\u00a0(or\u00a0“Sula<\/strong>“) is a\u00a0winery<\/a>\u00a0and\u00a0vineyard<\/a>\u00a0located in the\u00a0Nashik<\/a>\u00a0region of western India, 180\u00a0km northeast of\u00a0Mumbai<\/a>. It was founded by\u00a0Rajeev Samant<\/a>\u00a0in 1999.[2]<\/sup><\/a>\u00a0Sula has grown to be India\u2019s largest and most awarded wine brand. Sula introduced grape varietals such as\u00a0Chenin blanc<\/a>,\u00a0Sauvignon blanc<\/a>,\u00a0Riesling<\/a>\u00a0and\u00a0Zinfandel<\/a>\u00a0in India and is the leading player in the Indian wine industry.<\/p>\n

\u00a0<\/p>\n

OBJECTIVE<\/u><\/strong><\/p>\n

Calculate BETA of Sula Vineyards Limited and observe its Significance<\/p>\n

\u00a0<\/p>\n

VIEW & Review <\/u><\/strong><\/p>\n

Rajeev Samant <\/u><\/strong><\/p>\n

(Chief Executive Officer)<\/p>\n

Our revenue has grown by 22% in comparison to the previous year and has reached a total of INR118 crores for the quarter. Very notably, our Own Brands have taken the lead and as you all know, this is the aim of the company. We are now very much an Own Brand led company. The Own Brands have taken the lead, driving this growth with an increase of 30%. Our EBITDA margin is about the same as last Q1. It’s at about 27%, just an increase of 27 basis points from the already strong margins achieved in Q1 last year. And additionally, our PAT margin has risen to 11.7%. That’s a growth of 32 basis points compared to last year. So this financial performance in setting all these records on all fronts in underscores our commitment to sustained growth and operational excellence. Our premiumization strategy, as you know, that’s another pillar of our overall strategy. Own brands, premiumization. The strategy is bearing fruit as our Elite and Premium wines together surged more than 35% in value and over 30% in volumes. So this is something that we are particularly very pleased about. We continue to focus on our premium brands and you should know that in the last couple of years, almost all of our brand launches have been in\u00a0these segments.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

DATA ANAYSIS<\/u><\/strong><\/p>\n

Equation <\/strong><\/p>\n

Y= 1.0238+1.6343 (X)\u201d<\/strong><\/p>\n

\u00a0(tstat <\/sub>= 1.728561)<\/strong><\/p>\n

\u00a0n = 2<\/strong><\/p>\n

\u00a0R2 <\/sup>= 0.11497<\/strong><\/p>\n

\u00a0F = 2.987922<\/strong><\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Sula Vineyards Ltd. (y) the positive sign means a negative relationship meaning if \u201cx\u201d rises \u201cy\u201d rises and vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d rises by 1.6343, \u201cn\u201d means there are 25 observations. The t-stat for b is 1.728561, which means b is statistically significant at 5% level. R2<\/sup> is 0.11497 means 11.49% of y is explained by x, balance 88.51% is error due to the variables which are not in model.\u00a0 As the calculated value of F =2.987922 is less than the tabulated F (F 0.05,1DF,23DF) = 4.279, the overall model is not statistically significant at the 5% level.<\/p>\n

So overall the model is not statistically significant at the 5% level.<\/p>\n

\u00a0<\/u><\/strong><\/p>\n

CONCLUSION <\/u><\/strong>\u00a0<\/p>\n

As Beta is 1.6343 which is more than 1, the share is good for short term<\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship of Sula Vineyards Limited Share with Nifty50 Author: Suraj Sonawane (MMS First year, Roll no.0222120) Kohinoor Business School, Kurla. \u00a0 INTRODUCTION Sula Vineyards\u00a0(or\u00a0“Sula“) is a\u00a0winery\u00a0and\u00a0vineyard\u00a0located in the\u00a0Nashik\u00a0region of western India, 180\u00a0km northeast of\u00a0Mumbai. It was founded by\u00a0Rajeev Samant\u00a0in 1999.[2]\u00a0Sula has grown to be India\u2019s largest and most awarded wine brand. Sula introduced grape… Continue reading Relationship of Sula Vineyards Limited Share with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":138658,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-18357","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/138658"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18357"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18357\/revisions"}],"predecessor-version":[{"id":18358,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18357\/revisions\/18358"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}