Somehow I have seen when there is an issue with monsoon (below par) this stock keeps on popping up in my radar. Reason: It's a AgroChem company (phosphate fertilizer producer #1).
I saw some analysts also giving Buy call in this. So before putting long term bet, was looking at the Funda-Techno Analysis of UPL
Consensus price trg from analysts: 760 (28% upside) in 1 yr
The consensus recommendation from 24 analysts for UPL Ltd. is BUY: (11 Strong Buy, 6 Buy, 6 Hold, 1 Sell)
EPS is expected to grow by 6.4% in FY24
EBIT is expected to grow by 7.1% in FY24
Dividend per share is expected to grow by 6.4% in FY24
Capital expenditure is expected to grow by 60.7% in FY24
Technical:
In Monthly chart: It's actually in the golden zone of Fib series.
See the RSI descending triangle .
The current level is a good support area.
However best way is to do is a SIP where one can accumulate over a period from 600-500 area for an upside of upto 760/780. SIP levels are shown in the chart:
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