UPL shares crash 15% after restructuring announcement; leverage, dilution concerns weigh, Nuvama downgrades
Brokerage feedback suggests that UPL's restructuring plan does not materially address leverage concerns. Nuvama downgraded the rating on UPL stock to ‘hold’ from ‘buy’, but has raised its target price to Rs 816 per share.
Brokerage feedback suggests that UPL's restructuring plan does not materially address leverage concerns. Nuvama downgraded the rating on UPL stock to ‘hold’ from ‘buy’, but has raised its target price to Rs 816 per share.
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