Buy UPL, target Rs 780: Vikas Jain

Vikas Jain of Reliance Securities has a buy call on UPL with a target price of Rs 780.

The current market price of UPL is Rs 719.15.

Time period given by the analyst is a month when UPL price can reach defined target.

Vikas Jain recommended to keep a stop loss at Rs 687.

In a report, he said, "The stock had retraced 50 per cent of prior up-move (from 685 to 750 levels), where it found support around its 100-week moving average and later bounced back. Oversold RSI is indicating sharp pullback in the stock."

UPL, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 36,535.52 Crore) operating in Chemicals sector.

The company’s top management includes Dr.Reena Ramachandran, Mr.A C Ashar, Mr.Hardeep Singh, Mr.J R Shroff, Mr.K Banerjee, Mr.Pradeep Goyal, Mr.Pradip Madhavji, Mr.R D Shroff, Mr.V R Shroff, Mr.Vasant P Gandhi, Mr.Vinod Sethi, Mrs.S R Shroff.

Company has SRBC & Co LLP as its auditors.

As on 30-09-2017, the company has a total of 508,037,582 shares outstanding.