Neutral on UPL, target price Rs 497: Motilal Oswal

Motilal Oswal has neutral call on UPL with a target price of Rs 497. The current market price of UPL Ltd. is Rs 439.55.
UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 33766.99 Crore) operating in Pesticides/Agro Chemicals sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 8939.00 Crore, up 14.12 % from last quarter Sales of Rs 7833.00 Crore and up 14.35 % from last year same quarter Sales of Rs 7817.00 Crore Company reported net profit after tax of Rs 543.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 27.9 per cent stake in the company as of June 30, 2020, while FIIs held 40.6 per cent, DIIs 12.9 per cent and public and others 18.7 per cent.