India's UPL falls to lowest in more than 2-1/2 years on posting Q2 loss

Upland Resources

30/10/2023 09:43

** Shares of agriculture chemicals producer UPL  UPLL.NS 
down as much as 3.79% to 537.5 rupees, their lowest since Feb
23, 2021 
    ** Stock posts sharpest intraday pct loss since Aug. 3 
    ** Co reported Sept-qtr net loss of 1.89 billion rupees 
($22.71 million) from profit 8.14 billion rupees a year ago 
    ** Rev from ops fell nearly 19% to 101.70 billion rupees 
    ** Co cited global channel destocking and higher pricing
pressure for fall in numbers 
    ** Analysts' average rating is equivalent of "buy", their
median PT is 800 rupees - LSEG 
    ** About 4.9 mln shares change hands as of 3:02 p.m. IST,
2.0 the 30-day average 
    ** Shares last down 2.3%, they fell 4% in the Sept-qtr  
    

($1 = 83.2249 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))