UPL's Cycle-Recovery Bet Hinges on Debt Reduction as Much as Destocking Reversal

Agrochemical channel inventory is normalising broadly, but UPL's differentiated risk is its Arysta-era leverage — making balance-sheet execution the swing factor in an otherwise consensus recovery trade.

ndtv-profit-business · 6/28/2026, 10:12:25 AM · Ask about this →