UPL : Drifting down to good BUY level in short term📉 UPL Ltd – Strong Results, But a Weak Outlook? Here’s What You Need to Know
UPL recently reported good quarterly results, but despite that, the stock is seeing a sharp decline. Why? Because the future outlook is weak, and investors are reacting accordingly.
Key Technical Levels:
📉 Support: ₹600–580 (short-term bounce possible), next ₹560–540
📈 Resistance: ₹700 is the crucial hurdle; above that, ₹760 is the next key zone – but reaching that may take time
Fundamental Concerns:
UPL is trading at a P/E ratio of ~48, far higher than its 5-year average of ~18
This makes it look significantly overpriced compared to many of its better-listed peers
📌 Final Take:
Although the results look good on paper, the stock remains expensive, and with a challenging outlook, this might not be the right time to invest in UPL. Best to stay cautious and look for better opportunities elsewhere.
