Stocks to buy: Recovery is seen at lower levels in the stock market. However, the market remains volatile due to global sentiment. Thanks to this, quarterly results of companies and corporate news, many stocks look attractive from an investment point of view. One such promotion is the UPL. Indian multinational agrochemicals company UPL is undergoing a massive restructuring. After the restructuring of the brokerage company, the shares look optimistic. He believes this will create value for the company. The brokerage company gave advice about buying shares. Stock returns have remained virtually unchanged over the past year.
UPL: 75% refund expected
Research firm Nuvama Wealth Management (formerly Edelweiss Securities) had a Buy recommendation on UPL shares. The target price of Rs 1,186 has been maintained for the 12-month period. On October 27, 2022, the share price on the NSE closed at Rs 706. Thus, investors can make a significant profit of about 68 percent of the current price over the next year. Brokerage firm Central Research gave advice to buy UPL with a target of Rs 1,082. At the same time, IIFL Securities assigned the stock a BUY recommendation with a target value of 1040.
What is the broker’s opinion?
Nuvama Wealth Management says UPL’s focus is on value creation. The company is undergoing restructuring. It diversifies the business of India Agrochem, Global Agrochem, Seeds and other specialty chemicals. This restructuring will be effective if new partners emerge through a new deal and some cash injections.
The brokerage says the change will help UPL cut its debt. In addition, the business dynamics of each segment will receive a boost. UPL has created a visibility and multipurpose platform for every business segment. Looking at the best perspective, stocks are buying opinions.
(Disclaimer: Investment advice here is provided by the brokerage house. This is not the view of Zee Business. Please consult your advisor before investing.)