{"id":116176,"date":"2023-12-26T14:43:35","date_gmt":"2023-12-26T09:13:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116176"},"modified":"2023-12-26T15:11:39","modified_gmt":"2023-12-26T09:41:39","slug":"midcap-stock-jumps-after-companys-board-approves-fundraising-of-up-to-4200-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-jumps-after-companys-board-approves-fundraising-of-up-to-4200-cr\/","title":{"rendered":"Midcap stock jumps after company&#8217;s board approves fundraising of up to \u20b9 4,200 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3035018882\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this agrochemical manufacturer gained up to 2.2 percent after the board approved the proposal for fundraising for an amount aggregating up to \u20b9 4,200 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2788704621\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 44,860.93 crore, The shares of UPL Ltd were trading at Rs 587.00 per share, increasing around 0.91 percent as compared to the previous closed price of Rs 581.70 apices.&nbsp;<\/p><p>According to the corporate filing, Upl Ltd&#8217;s board of directors authorized a proposal for fundraising of up to 4,200 crores by the rights issue of equity shares to the corporate&#8217;s eligible equity shareholders.&nbsp;<\/p><p>Looking into Upl Ltd&#8217;s performance, revenue decreased by 18 percent from Rs 12,507 Crore in Q2FY23 to Rs 10,170 Crore in Q2FY24. During the same duration, the net profit decreased by 130 percent from a profit of Rs 969 crore to a loss of Rs 293 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2216348125\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>UPL Ltd has over 900 hybrid seed kinds and over 30 manufacturing locations. The firm has over 25000 dealers and 300,000 indirect merchants. The company has a capex of 2,360 crores in FY2022-23.&nbsp;<\/p><p>UPL has consistently outpaced the industry, achieving a spectacular revenue CAGR of 18% over the last four years, compared to the market&#8217;s 11% growth. The company&#8217;s focus on establishing a differentiated and sustainable portfolio has not only driven sales growth but also resulted in an even higher performance in terms of EBITDA growth.&nbsp;<\/p><p>UPL Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 13.4 percent and a return on capital employed (ROCE) of 14.3 percent.&nbsp;<\/p><p>UPL Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 32.34 percent while Retail shareholders own a 16.81 percent stake in the company and Domestic institutional investors own 17.27 percent.&nbsp;<\/p><p>UPL&#8217;s primary business is agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, as well as the manufacture and marketing of field crops and vegetable seeds.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4037851204\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1400311806\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this agrochemical manufacturer gained up to 2.2 percent after the board approved the proposal for fundraising for an amount aggregating up to \u20b9 4,200 crores.&nbsp; With a market capitalization of Rs 44,860.93 crore, The shares of UPL Ltd were trading at Rs 587.00 per share, increasing around 0.91 percent as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-116176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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