UPL hits record high on good Q3 results

UPL jumped 5.49% to Rs 388.20 at 14:30 IST on BSE after consolidated net profit rose 12.16% to Rs 249.28 crore on 13.49% rise in total income to Rs 3060.76 crore in Q3 December 2014 over Q3 December 2013.

The company announced Q3 results during market hours today, 2 February 2015

Meanwhile, the S&P BSE Sensex was up 29.75 points or 0.1% at 29,212.70.

On BSE, so far 3.58 lakh shares were traded in the counter as against average daily volume of 1.9 lakh shares in the past one quarter.

The stock hit a high of Rs 390.60, also a record high for the stock. The stock hit a low of Rs 359 so far during the day. The stock had hit a 52-week low of Rs 177 on 24 February 2014.

The stock had outperformed the market over the past one month till 30 January 2015, gaining 8.86% compared with Sensex's 6.49% rise. The scrip had also outperformed the market in past one quarter, rising 8.27% as against Sensex's 6.72% rise.

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

UPL is a global generic crop protection, chemicals and seeds company, headquartered in India (Mumbai).

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