Tag: UPL Limited
- 14 Sep
UPL Stock Rises on Brokerage Upgrade
UPL's stock price rose 3.5% on the NSE after brokerages upgraded the stock to "Buy". Antique Stock Broking and JM Financial have upgraded the stock with a target price of Rs 720 per share. The brokerages expect UPL's revenue and EBITDA growth to rise in the second half of FY24 due to the stabilizing of product prices and receding channel inventory. The company is also well-positioned to benefit from the increasing demand for agrochemicals in emerging markets.