UPL

With the rupee weak, Indian exporters are cashing in: every dollar they earn translates into significantly more rupees than it did at the start of the year. Here are the stocks worth watching as the rupee continues to slide.

On May 12, the Indian stock market experienced significant declines as the Nifty 50 fell 1.83% and the Sensex dropped 2%. Investors reacted to fears of an oil shock and ongoing Iran negotiations, leading to bearish trends across all major sectors and rising crude prices.

UPL Limited reported an 18% YoY increase in consolidated net profit to ₹ 1,061 crore for Q4 FY 2025-26, up from ₹ 896 crore last year. The QoQ profit rose 168% from ₹ 396 crore in the previous quarter.

UPL restructuring will establish a new listed company - UPL Global - combining India and international crop protection businesses. UPL Global is expected to become one of the largest listed crop protection pure-play companies worldwide by revenue.

Nuvama’s Ebitda estimates for UPL don’t appear to be on the higher side compared to Antique Stock Broking and Motilal Oswal Financial Services. Even the valuation multiples assigned are in sync with those of global peers for each business.

UPL announced restructuring to form a unified crop protection entity. The reorganisation is structurally straightforward but strategically significant. But brokerages flagged that the debt overhang remains largely unresolved.

UPL Limited's shares fell 13% following the announcement of a group restructuring aimed at integrating its Indian and international crop protection businesses, leading to negative reactions from brokerages and investors.

Stock market today: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open on a positive note on Monday.