Buy UPL, target price Rs 800: IIFL

IIFL has buy call on UPL with a target price of Rs 800. The current market price of UPL Ltd. is Rs 771.3.
Time period given by analyst is Intra Day 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 58930.83 Crore) operating in Pesticides/Agro Chemicals sector.


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


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 10614.00 Crore, up 23.95 % from last quarter Total Income of Rs 8563.00 Crore and up 17.75 % from last year same quarter Total Income of Rs 9014.00 Crore. Company reported net profit after tax of Rs 764.00 Crore in latest quarter.

Investment Rationale
Stock has given a double bottombreakout on the daily chart.

Promoter/FII Holdings
Promoters held 27.96 per cent stake in the company as of 30-Sep-2021, while FIIs owned 35.13 per cent, DIIs 17.97 per cent.