HSBC has maintained a “Buy” rating on UPL, setting a target price of ₹680, indicating a potential upside of 24.7% from the current market price of ₹545.50.
The company appears closer to its rights issue as the board has announced offer terms, with the initiative likely aimed at reducing debt. Additionally, a private equity investment in Advanta has been seen as a positive surprise, providing a valuation boost and strengthening market confidence.
Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making investment decisions.
