UPL Demerger, UPL share price Target: On Monday, February 23, there was strong selling in the shares of UPL Ltd and the stock fell by about 10% intraday. The main reason for the decline was based on two things – one, the company has announced restructuring, second, brokerage firm Nuvama has reduced the rating on the stock to ‘hold’. Selling in UPL shares intensified after the announcement of re-structuring and downgrade of Nuvama.
UPL Share Price: Market mood worsened due to demerger, Nuvama downgraded rating; Price fell by 12% – what to do next? – market
