Why has the UPL stock fallen so sharply in the market?

The stock of UPL, an agrochemical and pesticides company, hit a 52-week low of Rs618 during the week. Incidentally, UPL has already fallen 23% in the last one month after the closure of its buyback offer, which had entailed the repurchase of 13.43 million shares at an average price of Rs813.92. UPL is likely to benefit from better growth, accelerated market penetration and better supply chain management.