Firstly a disclaimer. I am not a very experienced investor. I have been in market for 3 years only. I too made position in sula with long term view only. I believe that with increase in wine consumption and premiumization, this company has the potential to reach new heights.
However, the rational for my exit was that the tax that is imposed is of 116Cr and the company’s one year PAT is in the same range. In relative terms, the financial implications seem high to me. Since the company has a market cap of around 4000Cr only, I felt it is risky for the time being to continue for long term. Contrary views are welcome.
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