Buy UPL, target price Rs 775: Yes Securities

Yes Securities has buy call on UPL with a target price of Rs 775. The current market price of UPL is Rs 728.1.
Time period given by analyst is Intra Day when UPL price can reach defined target.

UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 55569.03 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
The stock has broken out of a consolidation pattern on good volumes triggering a resumption of the uptrend. Technical indicator RSI has turned upwards after forming a positive reversal suggesting strength in the stock.

Promoter/FII Holdings
Promoters held 27.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 35.8 per cent, DIIs 15.9 per cent and public and others 20.4 per cent.