UPL hits record high

UPL rose 0.84% to Rs 326 at 10:35 IST on BSE after the company through its overseas subsidiary, has completed the transaction to sell its entire stake of 50% in the Brazilian agrochemical company Sipcam UPL Brasil S.A.

The announcement was made after market hours on Thursday, 19 June 2014.

Meanwhile, the S&P BSE Sensex was down 16.62 points or 0.07% at 25,185.18.

On BSE, so far 1.36 lakh shares were traded in the counter as against average daily volume of 4.15 lakh shares in the past one quarter.

The stock hit a high of Rs 328.90 so far during the day, which is also its record high. The stock hit a low of Rs 323.80 so far during the day. The stock hit a 52-week low of Rs 121 on 2 August 2013.

The stock had outperformed the market over the past one month till 19 June 2014, advancing 5.62% compared with the Sensex's 3.44% rise. The scrip also outperformed the market in past one quarter, jumping 73.72% as against Sensex's 15.43% rise.

The large-cap company has equity capital of Rs 88.52 crore. Face value per share is Rs 2.

UPL's consolidated net profit surged 29.4% to Rs 360.28 crore on 18.9% growth in net sales to Rs 3296.32 crore in Q4 March 2014 over Q4 March 2013.

UPL (formerly known as United Phosphorus) is a global generic crop protection, chemicals and seeds company.

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