GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of agrochemicals manufacturer UPL are likely to remain in focus on Thursday announced plans to raise up to Rs 3,378 crore through a rights issue priced at Rs 360 per share. The funds will be raised through the issuance of 9.38 crore partly paid-up equity shares. The issue price of Rs 360 represents a discount of about 34% to UPL's closing price of Rs 546.85 on November 19 on the BSE. The company stated that the rights issue offers eligible shareholders one share for every eight fully paid-up shares held as of the record date, November 26. The issue price includes a face value of Rs 2 and a premium of Rs 358, payable in installments—Rs 90 on application and Rs 270 in subsequent calls, according to the company’s filing. Also read: Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away? The subscription period begins on December 5 and ends on December 17, with an on-market renunciation window from December 5 to D...

[hfe_template id='11223'] [ad_1] Shares of agrochemicals manufacturer UPL on Tuesday rose 5.6% to their day’s high of Rs 552.70 on the BSE trade after the company reported a net loss of Rs 443 crore for the second quarter of FY25, widening over 2.3 times from the year-ago period. The company reported a revenue of Rs 11,090 crore for the September quarter, compared to Rs 10,170 crore during the year-ago period. Revenue growth during the quarter was driven by a 16% year-on-year growth in volumes, and a 7% drop in prices and near-flat forex rates. Brokerage Phillip Capital noted that UPL reported strong volume expansion with an expected price decline in the second quarter, however, there are signs of revival in key markets which provide hope of normalcy in business from the second half of FY25 onwards. UPL has been facing issues such as high inventory, subpar demand, pricing decline, and China dumping, said Harmish Desai, Research Analyst at Phillip Capital in a note, addin...