UPL

UPL has been in a long corrective phase and is currently attempting to build a base near its recent lows. The stock has underperformed over the last one year despite being one of the leading global agrochemical companies. Recent trading has largely remained within the ₹563–₹812 range seen over the past 52 weeks. Technical View Trend: Long-term trend is still neutral to weak. Support Zone: ₹575–585 Major Support: ₹560 Resistance 1: ₹625 Resistance 2: ₹645 A sustained close above ₹625–645 may indicate improving momentum, while a close below ₹560 could weaken the structure further. Fundamental View Positives Global leader in crop protection and agricultural solutions. Demand recovery and margin improvement are key long-term triggers. Several brokerages continue to maintain positive long-term views despite recent volatility. Risks Agrochemical demand remains cyclical. Raw material prices, global demand, and currency movements can impact profitability. Execution on earnings recovery remains important.