Sell UPL, target price Rs 723: ICICI Direct

ICICI Direct has sell call on UPL with a target price of Rs 723. The current market price of UPL Ltd. is Rs 753.5.

UPL, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 57079.96 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.

Investment Rationale
Breakdown below a rising channel as price reacted lower from 80% retracement of May-June decline