UPL: Techno Fundamental Analysis

2 Sep 2023

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

Here are my thoughts:

Fundamental:

1. DVM (Durability-Valuation-Momentum) score: 60-60-38 (Financially strong, valuationwise comfortable, technically neutral)
   
2. Consensus price trg from analysts: 760 (28% upside) in 1 yr
   
3. The consensus recommendation from 24 analysts for UPL Ltd. is BUY:
   (11 Strong Buy, 6 Buy, 6 Hold, 1 Sell)
   
4. EPS is expected to grow by 6.4% in FY24
   
5. EBIT is expected to grow by 7.1% in FY24
   
6. Dividend per share is expected to grow by 6.4% in FY24
   
7. Capital expenditure is expected to grow by 60.7% in FY24
   

Technical:

1. In Monthly chart: It's actually in the golden zone of Fib series.
   
2. See the RSI descending triangle .
   
3. 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: