Strong demand for key products along with robust product pipeline is driving the momentum for revenue growth. The company's focus on cost control and higher margin products should enable margin improvement thereby improving the medium-term outlook of the business. Hence, we reiterate our BUY rating on the stock with a rolled forward target price of Rs. 879 based on 15x FY23E adj. EPS. Topline growth led by higher volume UPL's consolidated Q4FY21 revenue grew 14.9% YoY to Rs. 12,796cr on the back of...