UPL gains after bulk deal

UPL rose 3.64% to Rs 477.15 at 15:22 IST on BSE, after a bulk deal of 6.59 lakh shares was executed on the scrip at Rs 462.30 per share at 10:30 IST on BSE today, 11 April 2016.

Meanwhile, the BSE Sensex was up 342.57 points, or 1.39%, to 25,016.41

Bulk deal boosted volume on the scrip. On BSE, so far 7.55 lakh shares were traded in the counter, compared with an average volume of 73,087 shares in the past one quarter. The stock hit a high of Rs 477.15 and a low of Rs 458.25 so far during the day. The stock hit a record high of Rs 576 on 11 August 2015. 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 8 April 2016, gaining 5.73% compared with 0.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 8.19% as against Sensex's 1.04% fall.

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

UPL's consolidated net profit rose 15% to Rs 286.73 crore on 4% rise in total income to Rs 3181.94 crore in Q3 December 2015 over Q3 December 2014.

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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