UPL hits record high on good Q4 outcome

UPL jumped 10.7% to Rs 255.05 at 11:01 IST on BSE, with the stock extending Friday's 7.26% rally triggered by reporting good Q4 results.

Meanwhile, the BSE Sensex was down 32.56 points, or 0.14%, to 22,655.51

On BSE, so far 15.18 lakh shares were traded in the counter, compared with an average volume of 1.75 lakh shares in the past one quarter.

The stock hit a high of Rs 256.60 so far during the day, also its record high. The stock hit a low of Rs 233.20 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 25 April 2014, advancing 27.33% compared with the Sensex's 2.87% rise. The scrip also outperformed the market in past one quarter, gaining 12.69% as against Sensex's 7.36% rise.

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

On a consolidated basis, UPL's net profit rose 29.4% to Rs 360.28 crore on 18.5% increase in total income to Rs 3365.23 crore in Q4 March 2014 over Q4 March 2013. The result was announced during trading hours on Friday, 25 April 2014, when the stock surged 7.26% to settle at Rs 230.40. Shares of UPL have gained 18.73% in two trading days from a recent low of Rs 214.80 on 23 April 2014.

On a consolidated basis, UPL's net profit rose 22.6% to Rs 949.79 crore on 17.3% increase in total income to Rs 10902.23 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

UPL's Board of Directors at its meeting held on Friday, 25 April, 2014, recommended a dividend of Rs 4 per equity share.

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

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