Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions
Agriculture solutions provider UPL Corporation on Thursday said Mike Frank has been elevated as the chief executive officer (CEO) of UPL Ltd. Frank will also be a member of the UPL Crop Protection Board of Directors, the company said in a statement. UPL's Global Crop Protection (CP) business manages all CP assets outside of India. Frank joined UPL Ltd in early 2022 as president and Chief operating officer of UPL's Crop Protection business based out of its London headquarters. He played a significant role in driving sustainable solutions in global food value chain networks to advance its OpenAg purpose. "Frank was the natural choice to lead this transition, bringing extensive experience leading global agriculture companies... Mike has already demonstrated an impressive leadership style, entrepreneurial mindset and a strong commitment to strengthening organisational culture," Group CEO of UPL and chairman of UPL Corporation Jai Shroff said. "I am very excited to work with our passi
Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
UPL expects strong performance (10 per cent plus revenue growth and 12-15 per cent EBITDA growth) in the current fiscal year FY23.
According to the technical analyst from Anand Rathi, UPL has formed a Bullish Bat pattern and can rally up to Rs 775.
Analysts consider the south-west monsoon to be the lifeline of India's agri-based economy, as it is likely to brighten outlook for bumper crop output amid inflationary times post covid-19 blowout.
The company's net profit stood at Rs 1,065 crore in the corresponding quarter of the previous financial year, UPL said in a statement
CLOSING BELL: Sectorally, only the Nifty IT index eked out gain on the NSE, rising 0.14 per cent
Buyback could support the price in the near term
CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent
UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year
Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.
The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route
In the past one week, the stock of UPL has corrected 13 per cent as compared to 6 per cent decline in the S&P BSE Sensex
Apollo Hospitals is likely to be in limelight as the stock enters Nifty 50. It will be replacing IOC with effect from March 31.
Brokerage house Centrum Broking has given a 'buy' call for Godfrey Phillips India and UPL shares.
Agro-chemical firm UPL on Monday reported 24.89 per cent growth in consolidated net profit at Rs 1,179 crore for December quarter 2021-22.
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
Brokerages CLSA and Emkay Global Financial Services have recommended 'buy' rating on UPL with target prices of Rs 1,100 and Rs 910, respectively.