UPL hits new high, rises 2% to Rs 921 after block deals

Since February 2019, the stock has surged 17 per cent after the company completed Arysta's integration

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Margins are still expected to grow in FY18 by 50-75 basis points as expected by the management, say analysts at HDFC Securities

SI Reporter Mumbai

2 min read Last Updated : Mar 15 2019 | 1:37 PM IST

Shares of UPL hit a new high of Rs 921, up 2 per cent, in intra-day trade on Friday, after more than two million shares of the agrochemicals company changed hands on the BSE through block deal.

At 09:19 am, around 2.41 million equity shares, representing 0.52 per cent of total equity of UPL, changed hands on the BSE, exchange data showed.

Since February 2019, the stock has surged 17 per cent after the company completed Arysta's integration. In comparison, the benchmark S&P BSE Sensex was up 5 per cent during the same period.

Management says over the next three