UPL shares remained in focus after two brokerages—HSBC and DAM Capital—maintained their buy calls on the stock following stronger-than-expected Q2FY26 results. Both firms have set a target price of ₹850 per share, indicating an upside potential of around 16.6% from the current market price of ₹729.
HSBC said UPL’s Q2FY26 results beat expectations, supported by robust performance in the global crop protection and seeds verticals. The brokerage highlighted that the company has raised its EBITDA guidance, reflecting management’s confidence in sustained recovery and ongoing deleveraging efforts.
DAM Capital also reiterated its buy call with a target of ₹850 per share, noting that the quarter saw an EBITDA beat and upgraded guidance. It said UPL’s management remains focused on unlocking value through restructuring across four key business segments. The brokerage added that the current risk-reward profile appears attractive, with potential upside from a recovery in global agchem prices.
At the time of the reports, UPL shares were trading at ₹729 on the exchange.
Disclaimer: The views and target prices mentioned are those of the brokerages (HSBC and DAM Capital). This article is based solely on the provided inputs and is intended for informational purposes only. No investment advice.
