Buy UPL, target Rs 705: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on UPL Ltd. with a target price of Rs 705. The current market price of UPL Ltd. is Rs 679.55. Time period given by the analyst is Intra Day when UPL Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 670. UPL Ltd., incorporated in 1985, is a largecap company with a market cap of Rs 34612.38 crore.

UPL Ltd. key Products/Revenue Segments include Agrochemicals which contributed Rs 7107.00 Crore to Sales Value (97.66 % of Total Sales), Export Incentives which contributed Rs 88.00 Crore to Sales Value (1.20 % of Total Sales), Other Operating Revenue which contributed Rs 57.00 Crore to Sales Value (0.78 % of Total Sales), Job Work which contributed Rs 16.00 Crore to Sales Value (0.21 % of Total Sales) and Sale of services which contributed Rs 9.00 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 4134.00 Crore, down -27.36 % from last quarter Sales of Rs 5691.00 Crore and up 11.04 % from last year same quarter Sales of Rs 3723.00 Crore Company has reported net profit after tax of Rs 514.00 Crore in latest quarter. The company’s top management includes Dr.Reena Ramachandran, Mr.A C Ashar, Mr.Hardeep Singh, Mr.J R Shroff, Mr.K Banerjee, Mr.Pradeep Goyal, Mr.R D Shroff, Mr.V R Shroff, Mr.Vasant P Gandhi, Mr.Vinod Sethi, Mrs.S R Shroff. Company has SRBC & Co LLP as its auditoRs As on 30-06-2018, the company has a total of 509,342,670 shares outstanding.
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