{ }
UPL has secured a USD 350 million investment from Alpha Wave Global in its subsidiary, Advanta Enterprises, which specializes in the global seeds business. This deal includes USD 250 million for a secondary share purchase and USD 100 million for fresh equity, valuing Advanta at approximately USD 2.85 billion. The investment aims to enhance Advanta's growth and improve UPL's financial health, leading to an upgraded target price of INR 591 and an increased EPS estimate for FY26E.
Nifty's ability to hold the 23,500 mark on expiry day is under scrutiny, with particular attention on Adani stocks and UPL. Market participants are keenly observing these developments as they unfold.
UPL reported a revenue of Rs. 11,090 crore for the quarter, reflecting a 9% year-on-year and 22% quarter-on-quarter increase. However, the company faced a loss of Rs. 585 crore, worsening from previous losses. Sharekhan maintains a HOLD rating with a revised target price of Rs. 584, citing destocking concerns and high debt.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.