๐ก๐ฒ๐๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐
โข Morgan Stanley has downgraded UPL Ltd to 'equal weight' from 'overweight' and cut its target price to Rs 590 from Rs 762 earlier.
โข The company's revenue fell 18.70 percent to Rs 10,170 crore in the last one year, leading to a downward revision of its FY24 revenue growth guidance.
โข UPL aims to cut gross debt by $500 million and net debt by $300 million by the end of FY24 through various strategies.