UPL rose 2.65% to Rs 564 after a foreign brokerage reportedly initiated coverage on the stock with an 'overweight' rating and a target price at Rs 700.
Shares of UPL soared 8.78% in three trading sessions to its current market price of Rs 564, from a recent closing low of Rs 518.45 on 22 August 2019.
On BSE, 1.36 lakh shares were traded in UPL counter, compared to a 2-week average of 1.51 lakh shares. The stock hit an intraday high of Rs 573 and an intraday low of Rs 553.
It hit a 52-week high of Rs 709.25 on 5 July 2019 and a 52-week low of Rs 388.33 on 8 October 2018.
UPL provides crop protection solutions. The company is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals. The firm's segments include agro activity and non-agro activity.
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