UPL
Sharekhan
Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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08 May 2023 | UPL |
Sharekhan
|
691.10 | 880.00 | 682.90 (1.20%) | Pre-Bonus/ Split |
Buy
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08 May 2023 | UPL |
ICICI Securities Limited
|
691.10 | 800.00 | 715.40 (-3.40%) | Pre-Bonus/ Split |
Accumulate
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Increase in supplies from China led to inventory losses; model impact to continue in H1FY24
ICICI Securities Limited
Post lifting covid led restrictions, there is strong revival in supplies of agrochemicals from China and it has led to correction in prices of post-patent agrochemicals. Due to unfavourable supply: demand situation, UPL has reported inventory losses of ~Rs12bn in Q4FY23.
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08 May 2023 | UPL |
Motilal Oswal
|
691.10 | 750.00 | 715.40 (-3.40%) | Pre-Bonus/ Split |
Neutral
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03 May 2023 | PI Industries |
Motilal Oswal
|
3731.20 | 4450.00 | 3425.70 (8.92%) |
Buy
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28 Apr 2023 | PI Industries |
Prabhudas Lilladhar
|
3731.20 | 4530.00 | 3384.50 (10.24%) |
Buy
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27 Apr 2023 | Rallis |
Prabhudas Lilladhar
|
335.70 | 200.00 | 189.25 (77.38%) | Target met |
Hold
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23 Mar 2023 | India Pesticides |
Edelweiss
|
231.93 | 215.05 (7.85%) |
Not Rated
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15 Feb 2023 | Insecticides |
ICICI Securities Limited
|
773.90 | 640.00 | 583.45 (32.64%) | Target met |
Accumulate
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Commencement of new units in Q4FY23 and FY24 to result in portfolio premiumization
ICICI Securities Limited
Insecticides India reported strong set of numbers in Q3FY23 led by (1) 53% growth in B2C sales and 30% higher revenues of Maharatna products, (2) higher B2C sales and Maharatna revenues led to gross and EBITDA margin expansion of 40bps and 60bps, respectively YoY and (3) the company is on track to commence the new production
units at Rajasthan and Gujarat in Q4FY23. |
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15 Feb 2023 | PI Industries |
Prabhudas Lilladhar
|
3731.20 | 4500.00 | 3121.95 (19.52%) |
Buy
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15 Feb 2023 | PI Industries |
Motilal Oswal
|
3731.20 | 4300.00 | 3121.95 (19.52%) |
Buy
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