HSBC Boosts UPL Target Price, Sees 15% Upside & Value Creation for Shareholders

• HSBC maintains "Buy" rating on UPL, raising target price to ₹925 from ₹850, indicating a 15% upside from previous close.
• UPL's subsidiary Advanta is identified as a long-term value creator with strong delivery and impressive 18% revenue and 23% EBITDA CAGR over 5 years.
• Potential listing of Advanta could unlock value and help UPL reduce its debt, according to media reports cited by HSBC.
• UPL revised its EBITDA growth estimate for FY2026 to 12-16% (from 10-14%) and maintained 4-8% revenue growth guidance.
• UPL stock surged nearly 50% in one year and 20% in three months; 16 out of 22 analysts recommend "Buy".

Why It Matters: HSBC is bullish on UPL, raising its target price due to Advanta's potential and UPL's growth outlook.