Page 2 - Upl

UPL sells 8.93% Advanta stake for Rs 2,100 cr, unveils Rs 3,378 cr issue

Alpha Wave will acquire a 12.44 per cent stake in Advanta, comprising 8.93 per cent purchased from UPL and 3.51 per cent from newly issued equity shares

UPL Q2 results: Net loss widens to Rs 433 cr on lower agrochemical prices

The company reported a consolidated net loss of Rs 443 crore ($52.5 million) for the three months ended Sept. 30 from a loss of Rs 189 crore a year earlier

UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi

Agrochemical company UPL (formerly United Phosphorus Ltd) and its promoter and Chairperson Jaidev Rajnikant Shroff have settled a case related to an alleged violation of regulatory norms with capital markets regulator Sebi after paying Rs 20.2 crore towards settlement charges. The settlement order came after the applicants -- UPL and Jaidev Rajnikant Shroff -- proposed to settle the instant proceeding through a settlement order "without admitting or denying the findings of fact and conclusions of law". "In terms of the settlement regulations, it is hereby ordered that the instant proceeding initiated against the applicants, vide show cause notice dated February 28, 2024, is disposed of," Sebi's Chief General Manager Anitha Anoop said in the order on October 30. Pursuant to receipt of an emailed query from a media outlet, Sebi undertook a suo-moto investigation in the affairs of certain companies, including UPL (Applicant No. 1) and its promoters to ascertain whether there was any ..

Rajesh Bhosale of Angel One recommends buying these two stocks today

On the weekly chart, UPL has confirmed a bullish reversal pattern known as the 'Inverse Head and Shoulders

Buy ideas for June 4: Dalmia Bharat, UPL, Aether; key levels here

After peaking near the 2060 mark on 04-04-2024, Dalmia Bharat experienced a significant downturn, with a decline of approximately 360 points, equating to roughly 17-18 per cent

UPL slides 6% on weak Q4 earnings; profit drops 95% hit by lower prices

The total revenues of UPL dropped by 15 per cent year on year (YoY) at Rs 14,078 crore in the March quarter of FY24 as against Rs 16,569 crore in the corresponding quarter of the previous fiscal year

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13

All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.

Shriram Finance rallies 5% as stock is set to enter Nifty50 from March 28

Shriam Finance will replace UPL in the benchmark index, NSE said in a circular on Wednesday after market hours

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs

Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.

Benchmarks end flat, MidCap index rises 1.5%; PSB, realty stocks in demand

Stock market highlights on February 7, 2024: In the broader markets, the BSE MidCap index gained over 1.48 per cent, while the BSE SmallCap index advanced 0.35 per cent

Moody's downgrades agri solutions provider UPL, maintains negative outlook

Credit rating agency Moody's Investors Service on Tuesday downgraded agriculture solutions provider UPL to Ba1 and maintained the negative outlook on deterioration in the agrochemical industry. Moody's has downgraded the senior unsecured rating for UPL Corporation (UPL Corp) to Ba1 from Baa3 and has also downgraded the rating on the long-term junior subordinated rating on UPL Corp's USD 400 million undated perpetual Eurobonds to Ba3 from Ba2, the credit rating agency said in a statement. Further, Moody's has assigned a Ba1 corporate family rating (CFR) to UPL Corp and withdrawn the company's Baa3 issuer rating. "The downgrade to Ba1 is driven by a protracted deterioration in the agrochemical industry fundamentals that will keep UPL's credit metrics weaker than our expectation for an investment-grade rating," Moody's Senior Vice President Kaustubh Chaubal said. The Moody's rating action is following UPL's weak operating results for the third quarter of the fiscal ending March 2024 .

UPL stock slumps 11% on weak Q3 performance, triggers downgrades

Weak near-term outlook could worsen cash flows for the company

UPL slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24

The company said revenue and margin to be impacted by global channel destocking and ongoing pricing pressure in post patent space exacerbated by higher rebates.

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore

Sustainable agriculture products and solutions provider UPL on Friday reported a consolidated loss of Rs 1,217 crore during the December 2023 quarter. The company's net profit stood at Rs 1,087 crores during the corresponding quarter of the previous financial year, the company said in a regulatory filing. Its revenue from operations declined 27.72 per cent to Rs 9,887 crore in the quarter under review from Rs 13,679 crore a year ago. "Destocking continued to weigh down the global agrochemical market. Overall, prices remained stable quarter-on-quarter in the crop protection business but came off significantly compared to the high base of the previous year amid intense post-patent price competition. "Given this backdrop, our third quarter performance was significantly impacted by these headwinds in line with the rest of the industry, which is currently experiencing its worst downturn in decades," UPL Corporation CEO Mike Frank said. However, the company did see a pick-up in volumes

Near-term headwinds likely to delay recovery in agrochemical major UPL

Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking

UPL Ltd Q2 net loss at Rs 189 cr, destocking drives revenue decline

Agro-chemical firm UPL Ltd on Monday posted a consolidated net loss of Rs 189 crore for the second quarter of 2023-24 as global channel destocking' drove revenue decline. The company had clocked a net profit of Rs 814 crore in the same quarter previous fiscal, according to a regulatory filing. Total income in the quarter under review was Rs 10,170 crore. In the year-ago period, it was Rs 12,507 crore. From India operation, the company's revenue was Rs 1,387 crore during the quarter. In the year-ago period, it was Rs 1,809 crore, the filing said. The global agrochemical industry continues to go through a difficult phase with prices coming off significantly vis--vis the high base of the previous year amid the elevated channel inventory levels and intense price competition," UPL Corporation Ltd CEO Mike Frank said. Against this backdrop, the distributors prioritized destocking, and focused on purchases at lower prices to bring down their average inventory cost. In particular, destoc

UPL Q1FY24 results: Net profit drops 81% YoY to Rs 166 cr, revenue down 17%

UPL reported Rs 8,963 cr in revenue with India accounting for Rs 2,054 crore of the total revenue. Ebitda down 32% at Rs 1,593 cr

Zee Ent, UPL: 5 Nifty 500 stocks flash bearish signals, may fall up to 15%

Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.

UPL's profit declines by 42% in March quarter as raw material costs surge

The Mumbai-based company's revenue from operations rose 4.5% to 165.69 billion rupees, with its Latin American operations raking in about 39% of the total revenue

Half of Nifty 50 stocks yet to reclaim Budget peaks, breadth stays fragile

Selective stocks like Bharat Petroleum Corporation, Divi's Laboratories, Hindalco Industries, Hero MotoCorp and State Bank of India, the technical charts are reflecting clear weakness.