Business Standard

Tuesday, January 21, 2025 | 12:05 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Upl

Fertiliser stocks in focus; Chambal, RCF, Paradeep, UPL rally up to 7%

Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers

Fertiliser stocks in focus; Chambal, RCF, Paradeep, UPL rally up to 7%
Updated On : 07 Jan 2025 | 12:37 PM IST

UPL-SAS sees tech, climate solutions for growth after $200 mn investment

UPL-Sustainable AgriSolutions (UPL-SAS) is spearheading a transformative approach to Indian agriculture, leveraging technology, digital innovations, and a holistic strategy to address the complex challenges facing the country's farming ecosystem, CEO Ashish Dobhal revealed in an exclusive interview. With agriculture spanning 400 million acres and involving 130 million farmers, 80-85 per cent of whom are smallholders, the company is reimagining its role from a crop protection product seller to a comprehensive solution provider. "Each state has its own nuance, cropping pattern, and cultural nuances of farming," Dobhal explained, underscoring the intricate landscape of Indian agriculture. Emerging from a challenging period, Dobhal confidently asserted that "the worst of the industry downturn is behind us." UPL-SAS, a subsidiary of UPL Ltd, is implementing a multi-pronged strategy to revitalize its performance with key strategic priorities. These priorities include developing crop ...

UPL-SAS sees tech, climate solutions for growth after $200 mn investment
Updated On : 15 Dec 2024 | 11:44 AM IST

UPL, CH4 Global partner to launch methane-reducing cattle feed in India

Agricultural solutions provider UPL and CH4 Global announced a strategic partnership on Thursday to distribute a seaweed-based feed supplement in five major markets, including India that could reduce cattle methane emissions by up to 90 per cent. The multi-year agreement targets India, Brazil, Argentina, Uruguay and Paraguay, which together account for more than 40 per cent of the global cattle population, the UPL said in a regulatory filing. The partnership will focus on distributing CH4 Global's Methane Tamer product, a feed supplement derived from Asparagopsis seaweed, through UPL's existing distribution networks and feed formulations. "Methane is almost thirty times as harmful for global warming than CO2," UPL Chairman and Group CEO Jai Shroff said. "Recent reports show the highest levels in 8,00,000 years, so its reduction must be our top priority." The initiative comes as the livestock industry faces increasing pressure to reduce its environmental impact. Enteric methane fro

UPL, CH4 Global partner to launch methane-reducing cattle feed in India
Updated On : 25 Nov 2024 | 11:26 AM IST

UPL shares in demand after Alpha Wave Global buys 12% stake in subsidiary

Shares of agrochemical firm, UPL gained up to 3 per cent at Rs 563.30 a piece on the BSE in Thursday's intraday deals

UPL shares in demand after Alpha Wave Global buys 12% stake in subsidiary
Updated On : 21 Nov 2024 | 2:30 PM IST

Stocks to watch, Nov 21: Adani Group stocks, Cipla, UPL, BoB, Tata Tech

Here is a list of stocks that will be in focus from Adani Group stocks to Tata Power

Stocks to watch, Nov 21: Adani Group stocks, Cipla, UPL, BoB, Tata Tech
Updated On : 21 Nov 2024 | 7:11 AM IST

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 sells 8.93% Advanta stake for Rs 2,100 cr, unveils Rs 3,378 cr issue
Updated On : 20 Nov 2024 | 6:24 PM IST

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 Q2 results: Net loss widens to Rs 433 cr on lower agrochemical prices
Updated On : 11 Nov 2024 | 4:26 PM IST

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 ..

UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi
Updated On : 02 Nov 2024 | 11:05 PM IST

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

Rajesh Bhosale of Angel One recommends buying these two stocks today
Updated On : 02 Sep 2024 | 6:23 AM IST

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

Buy ideas for June 4: Dalmia Bharat, UPL, Aether; key levels here
Updated On : 04 Jun 2024 | 6:22 AM IST

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

UPL slides 6% on weak Q4 earnings; profit drops 95% hit by lower prices
Updated On : 14 May 2024 | 1:02 PM IST

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.

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13
Updated On : 13 May 2024 | 7:02 AM IST

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

Shriram Finance rallies 5% as stock is set to enter Nifty50 from March 28
Updated On : 29 Feb 2024 | 10:53 AM IST

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.

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs
Updated On : 21 Feb 2024 | 12:23 PM IST

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

Benchmarks end flat, MidCap index rises 1.5%; PSB, realty stocks in demand
Updated On : 07 Feb 2024 | 3:48 PM IST

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 .

Moody's downgrades agri solutions provider UPL, maintains negative outlook
Updated On : 07 Feb 2024 | 12:07 AM IST

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

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

UPL stock slumps 11% on weak Q3 performance, triggers downgrades
Updated On : 05 Feb 2024 | 11:25 PM IST

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 slips 7%, hits 3-year low on Q3 loss; cautions on weaker Q4FY24
Updated On : 05 Feb 2024 | 10:51 AM IST

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

UPL Q3 results: Company posts consolidated net loss at Rs 1,217 crore
Updated On : 02 Feb 2024 | 10:01 PM IST

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

Near-term headwinds likely to delay recovery in agrochemical major UPL
Updated On : 15 Nov 2023 | 9:51 PM IST