UPL gains after announcing good Q1 results

UPL gained 1.71% to Rs 620.15 at 15:15 IST on BSE after consolidated net profit rose 23.69% to Rs 401.95 crore on 8.13% rise in total income to Rs 3518.49 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 29 July 2016.

Meanwhile, the BSE Sensex was down 132.42 points, or 0.47% to 28,072.23.

Higher than usual volumes were witnessed on the counter. On BSE, so far 5.01 lakh shares were traded in the counter, compared with an average volume of 1.58 lakh shares in the past one quarter. The stock hit a high of Rs 619.70, which is also a record high for the stock. The stock hit a low of Rs 603.90 so far during the day. The stock hit a 52-week low of Rs 342 on 29 February 2016. The stock had outperformed the market over the past one month till 28 July 2016, rising 11.53% compared with 6.35% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 17.96% as against Sensex's 10.18% rise.

The large-cap company has an equity capital of Rs 85.72 crore. Face value per share is Rs 2.

UPL is the largest Indian multinational agrochemical company and is engaged in research, manufacturing, marketing, sales and distribution of agrochemicals and specialty chemicals across the globe.

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