The stock of UPL is making a higher top and higher bottom formation on the daily chart which indicates every decline will attract fresh buying interest from lower levels
Short term trend of the stock is positive where stock price is trading above its 5- and 20-day Moving Averages
Glenmark Pharma's stock is taking the support of a rising trend line
However, strong India business and margin gains were better than expectations
Moody's assigns Baa3 rating, says outlook stable for agrochemical company.
Net impact would depend on final list of chemicals to be banned and companies' move to diversify portfolio
Update shows 24% fall in debt; Arystra merger synergies a key re-rating trigger
The company said it expects its net debt to be at approx. $ 2.9 billion as of March 31, 2020 as compared to $4.2 billion as on December 31, 2019
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
UPL is planning to raise funds to refinance $550 million (Rs 4,000 crore) of debt. Net debt at the end of the December quarter stood at Rs 29,654 crore.
The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
The power requirement after the expansion will be met from Dakshin Gujarat Vij Company Ltd (DGVCL)
Nifty is able to breach the level of 11,800, it will lead to sell-off which will open the risk of correction up to 11,650
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Nifty outlook and two stock calls by Sacchitanand Uttekar, DVP - Technical (Equity) of Tradebulls Securities
Weekly Technical Recommendations by Religare Broking Ltd.
UPL said in a statement it's disappointed in the verdict and will appeal
For Coal India, keep a stop at 192 and go short.
India, European biz underperformed, but the firm has maintained its FY20 revenue guidance