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Last Updated : Aug 04, 2020 07:52 AM IST | Source: Moneycontrol.com

Buy UPL; target of Rs 550: Sharekhan

Sharekhan is bullish on UPL has recommended buy rating on the stock with a target price of Rs 550 in its research report dated July 31, 2020.

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Sharekhan's research repor on UPL

We expect the company to report revenue and earnings CAGR of 8.7% and 20%, respectively, during FY2020-2022E. Management eyes revenue growth of 6-8%, EBITDA growth of 10-12% and net debt-equity ratio of 2x during FY2021E. Q1FY21 revenue fell by 1% as volumes sold stayed unchanged, adjusted EBITDA margin improved by 508 bps to 21.8%; adjusted PAT increased by 70.7%.


We stick to our Buy rating on UPL Limited (UPL) with a revised price target of Rs. 550.

For all recommendations report, click here

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First Published on Aug 4, 2020 07:52 am