 "Easing investor concerns, improving fundamentals fire up UPL stock")
After a sharp decline to its lows in November last year, India’s largest agrochemical stock has seen a sharp recovery. The UPL stock is up 56 per cent since the start of November, after the company tried to assuage investor concerns on corporate governance and high debt on its books. There were sharp price corrections between October and December last year after KPMG Mauritius resigned as auditors of UPL Corporation and whistle-blower claims.
In addition to management clarification on issues, what helped was the improvement in fundamentals. There has been a sharp rise in global prices of major crops
In addition to management clarification on issues, what helped was the improvement in fundamentals. There has been a sharp rise in global prices of major crops
