Update
Entered UPL ltd with allocation of 2% at 465 price point. I feel this one resembles Lupin at 500 bucks, similar issues of price erosion, inventory destocking, volume, high interest due to high debt & out of nifty 50 all negatives bombarded at once. Trading at 1.2 PB which is bottom valuation for the stock I guess in lifetime, could lose most of money so less allocation, one thing I am not clear is what to do if rights issue is executed in next 6 months although i feel its unlikely for them to issue at depressed price unless in pretty bad shape. Agro is bad currently anyways got it not basis fundamental outlook but basis past history and valuation point of view
Sitting with zero cash, bank has money to get me by till month end xD
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