UPL gains after reporting good Q4 results

UPL gained 3.14% to Rs 533.10 at 13:20 IST on BSE after consolidated net profit rose 25.44% to Rs 552.02 crore on 23.43% rise in total income to Rs 4412.60 crore in Q4 March 2016 over Q4 March 2015.

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

Meanwhile, the BSE Sensex was down 62.29 points, or 0.26%, to 25,537.78.

Higher than usual volumes were witnessed on the counter. On BSE, so far 2.21 lakh shares were traded in the counter, compared with an average volume of 92,590 shares in the past one quarter. The stock hit a high of Rs 534.95 and a low of Rs 518 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 28 April 2016, gaining 14.36% compared with Sensex's 2.55% gains. The scrip had also outperformed the market in past one quarter, gaining 25.91% as against Sensex's 4.63% gains.

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

UPL recommended a dividend Rs 5 per equity share for the year ended 31 March 2016 (FY 2016).

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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