Buy UPL, target price Rs 1060: JM Financial

UPL Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives, Sale of services, Other Operating Revenue, Royalty Income for the year ending 31-Mar-2022.

By ETMarkets.com | Oct 14, 2022, 11.10 AM IST

Promoters held 28.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 36.45 per cent, DIIs 16.46 per cent.

JM Financial has buy call on UPL with a target price of Rs 1060. The current market price of UPL Ltd. is Rs 679.8 Time period given by analyst is one year 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 50666.02 Crore) operating in Pesticides/Agro Chemicals sector.

UPL Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives, Sale of services, Other Operating Revenue, Royalty Income for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 10894.00 Crore, down -31.81 % from last quarter Total Income of Rs 15977.00 Crore and up 27.22 % from last year same quarter Total Income of Rs 8563.00 Crore. Company reported net profit after tax of Rs 975.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 28.96 per cent stake in the company as of 30-Jun-2022, while FIIs owned 36.45 per cent, DIIs 16.46 per cent.

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