Buy UPL, target price Rs 860: IIFL

IIFL has buy call on UPL with a target price of Rs 860. The current market price of UPL is Rs 825.45.
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 63052.85 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 31-12-2021, the company reported a Consolidated Total Income of Rs 11367.00 Crore, up 7.09 % from last quarter Total Income of Rs 10614.00 Crore and up 23.65 % from last year same quarter Total Income of Rs 9193.00 Crore. Company reported net profit after tax of Rs 1165.00 Crore in latest quarter.

Investment Rationale
The stock has given a flag pattern breakout

Promoter/FII Holdings
Promoters held 28.45 per cent stake in the company as of 31-Mar-2022, while FIIs owned 35.3 per cent, DIIs 17.8 per cent.