UPL LTD stock forum
UPL In a bear market, UPL posts bad results and gets hammered to 504 level. The stock sees a lot of buying indicating an expectance of Rights announcement at a fair value probably between 450-500 bringing their cost down. But how far down?Rights issue is now expected to be $400 million (instead of 500m) so around rs.340crs. A price of 450 means 10% additional shares, that of 500 means 8A% more shares to current total of 75crs. Either way the eventual price adjustment points to below 500. It usually takes 3-5 months for the Rights shares to show up in your a/c so we're looking at Mar25 or end of fy25 timeframe.
The management commentary makes it safe to assume that it'll take most of fy26 for the company to get out of the hole it's in. My question is why buy now if I can get it cheaper by fy25 end (unless you're looking at 2-yr min timeframe)?
UPL Great short idea here..460 to 420 soon. Nifty50 exit will have 105 million dollars of outflow …that’s 850 crore. Imagine the impact
UPL UPL Extends Fall After Posting First Quarterly Loss: Street Wrap
· UPL extended declines to a 10th day after the Indian agrochemicals maker posted a surprise quarterly loss Monday due to lower demand for its products in Latin America.
· The firm also guided for a flat revenue this year through March versus its earlier estimate of 1%-5% growth.
· The stock has plunged 26% this year, second worst performer among Nifty 50 companies
UPL bearish
UPL looks a decent bullish setup at the bottom of the 1M wedge , but the weekly and monthly TF chart looks sideways 
