UPL jumps over 10% in two sessions

UPL rose 3% to Rs 405.10 at 13:10 IST on BSE, extending Monday's 6.88% rise triggered by the company's strong Q3 December 2014 earnings.

The company announced Q3 results during market hours on Monday, 2 February 2015. Shares of UPL jumped 6.88% to Rs 393.30 on that day. The stock has risen 10.08% in two trading sessions from Rs 368 on 30 January 2015.

Meanwhile, the BSE Sensex was down 200 points, or 0.69%, to 28,922.27.

On BSE, so far 8.14 lakh shares were traded in the counter, compared with an average volume of 1.98 lakh shares in the past one quarter.

The stock hit a high of Rs 414.60 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 389.60 so far during the day. The stock 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, rising 11.59% compared with 6.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.77% as against Sensex's 6.72% rise.

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 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.

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

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