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    Sell UPL, target price Rs 693.8: ICICI Direct

    Synopsis

    UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 55951.05 Crore) operating in Pesticides/Agro Chemicals sector.

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    Promoters held 27.96 per cent stake in the company as of 30-Jun-2021, while FIIs owned 37.87 per cent, DIIs 16.17 per cent.
    ICICI Direct has sell call on with a target price of Rs 693.8. The current market price of UPL is Rs 729.75.
    Time period given by analyst is intraday when UPL Ltd. price can reach defined target.

    UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 55951.05 Crore) operating in Pesticides/Agro Chemicals sector.

    UPL Ltd. key Products/Revenue Segments include Agrochemicals, Other Operating Revenue, Export Incentives, Royalty Income, Sale of services for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 8563.00 Crore, down -33.34 % from last quarter Total Income of Rs 12845.00 Crore and up 8.39 % from last year same quarter Total Income of Rs 7900.00 Crore. Company reported net profit after tax of Rs 753.00 Crore in latest quarter.

    Investment Rationale
    Price reacting lower after facing resistance at 50% retracement of recent decline and sustaining below 13 days EMA

    Promoter/FII Holdings
    Promoters held 27.96 per cent stake in the company as of 30-Jun-2021, while FIIs owned 37.87 per cent, DIIs 16.17 per cent.
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