UPL share price

UPL Share Price Plummeting: A Rollercoaster Ride in the Stock Market

Discover the dramatic twists and turns of UPL's share price as it hits a 52-week low after disappointing Q3 results. Dive into the world of volatile stock markets with UPL's rollercoaster journey!

UPL shares took a nosedive, plummeting 8% and hitting a 52-week low post weak Q3 results. The revenue and EBITDA of UPL suffered due to global channel destocking and pricing pressure, creating a financial rollercoaster for investors. The company's dismal Q3 performance led to a slump of over 9%, marking a three-year low and making UPL the top losers on the Nifty 50 index. The agri tech firm reported a staggering loss in the quarter, raising concerns and intensifying the downward spiral of UPL's stock prices. Despite expectations of normalisation in FY25, weak demand and earnings pressure continue to haunt UPL, casting a shadow on its future prospects. In the stock market frenzy, UPL faced a 6% drop, extending its losses to a three-year low after a disappointing Q3 loss. The company's share price target for 2024 adds to the uncertainty, leaving investors pondering over the future trajectory of this once-prominent stock.