Buy UPL, price target Rs 605: Kunal Bothra

INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on UPL Ltd
with a target price of Rs 605
The current price of UPL Ltd
is Rs 579.25 Time period given by the analyst is Intra Day when UPL Ltd
price can reach defined target.Kunal Bothra recommended to keep a stoploss at Rs 566
UPL Ltd., incorporated in the year 1985, has a market cap of Rs 44257.33 crore. UPL Ltd
key Products/Revenue Segments include Agrochemicals which contributed Rs 8470.00 Crore to Sales Value (97.80 % of Total Sales), Export
Incentives which contributed Rs 80.00 Crore to Sales Value (0.92 % of Total Sales), Royalty Income which contributed Rs 36.00 Crore to Sales
Value (0.41 % of Total Sales), Job Work which contributed Rs 28.00 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue
which contributed Rs 27.00 Crore to Sales Value (0.31 % of Total Sales) and Sale of services which contributed Rs 19.00 Crore to Sales Value
(0.21 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 8892.00 Crore, up 13.75 % from last quarter Sales of
Rs 7817.00 Crore and up 80.69 % from last year same quarter Sales of Rs 4921.00 Crore Company has reported net profit after tax of Rs 838.00
Crore in latest quarter
Goyal, Mr.K Banerjee, Mr.J R Shroff, Mr.Hardeep Singh, Mr.A C Ashar, Mrs.S R Shroff
Company has B S R - Co
LLP as its auditors As on 31-12-2019, the company has a total of 764,045,456 shares outstanding.